Council Finance launches £50m and £105m benchmark under its MTN program
Kuntarahoits Oyj
Stock exchange release
1 December 2022 at 10:00 AM (EET)
Municipal financial matters a GBP 50 million tap and GBP 105 million taps to reference values below its MTN program
On December 2, 2022, Municipal Finance Corporation will issue a new tranche of 50 million pounds for the existing reference index issued on 19 January 2022 and a new tranche of 105 million pounds for the existing reference index issued on 17 March 2021. will be issued in Municipal Finance’s 45 billion euro debt instrument issuance program. The offer circular, the supplementary listing document and the final loan terms are available in English on the company’s website at www.munifin.fi/investor relations.
Kuntarahoitois has applied for new loans to be traded through the Helsinki Stock Exchange operated by Nasdaq Helsinki. Public trading is expected to start on December 2, 2022. The current reference indices and all loans that can be traded with existing reference values are accepted for trading on the Helsinki Stock Exchange.
A £50m faucet
With the new tranche, the combined nominal value of the benchmark is 570 million pounds. The maturity date of the benchmark index is June 19, 2025. The benchmark index’s interest rate is fixed at 1.125% per year.
Morgan Stanley & Co International Plc is acting as dealer in the issuance of the new tranche.
GBP 105 million tap
With the new tranche, the combined nominal value of the benchmark is 1.575 billion pounds. The maturity date of the benchmark index is 17 December 2025. The benchmark index’s interest rate is fixed at 0.375% per year.
NatWest Markets NV acts as dealer in the issuance of the new tranche.
MUNICIPAL FINANCE LTD
More information:
Joakim Holmström
Vice President, Capital Markets and Sustainable Development
tel. +358 50 444 3638
Kuntarahoitus (Kuntarahoitus Oyj) is one of Finland’s largest credit institutions. The company is owned by Finnish municipalities, the public sector pension foundation Keva and the Republic of Finland. The municipal finance group also includes the subsidiary Financial Advisory Services Inspira Oy. The total amount of the group’s balance sheet is almost 47.5 billion euros.
Municipal finance builds a better and more sustainable future with its customers. Municipal finance’s customers are Finnish municipalities, municipal corporations, and municipalities–controlled entities, welfare services and non-profit housing organizations. The loan is used environmentally and socially responsible investment targets, such as public transport, sustainable buildings, hospitals and health centers, schools and kindergartens and homes for special needs.
Municipal finance’s customers are domestic, but the company operates in a completely global operating environment. The company is an active Finnish bond issuer on international capital markets and the first Finnish issuer of green and social bonds. The financing is exclusively guaranteed by the Municipal Guarantee Center.
Read more: www.munifin.fi
Important information
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