Local Government Finance Co., Ltd.
Stock exchange release
May 22, 2024 10am (EEST)
Municipality Finance issues €50 million tap under MTN program
On 23 May 2024, Municipality Finance Plc will issue a new tranche of €50 million against the existing benchmark bond issued on 26 April 2023. Including the new tranches, the total amount of benchmark bonds is €1.425 billion. The benchmark bond maturity date is July 29, 2030. Benchmark bonds carry a fixed interest rate of 3.125% per annum.
This new tranche will be issued under MuniFin's €50 billion debt issuance program. The offering prospectus, supplementary offering prospectus and final terms of the notes are available in English on the company's website at https://www.kuntarahoitus.fi/en/for-investors.
MuniFin has applied to be admitted to trading of the new tranche on the Helsinki Stock Exchange, managed by Nasdaq Helsinki. Public trading is expected to begin on May 23, 2024. Existing notes in the series have been admitted to trading on the Helsinki Stock Exchange.
Nomura International PLC will act as the dealer for the new tranche issue.
Municipal Finance PLC
Further information:
Joachim Holmström
Executive Vice President, Capital Markets and Sustainability
Phone number +358 50 444 3638
MuniFin (Municipality Finance Plc) is one of Finland's largest credit institutions. The company's owners include Finnish municipalities, the public sector pension fund Keva and the Republic of Finland. The Group's balance sheet totals nearly 50 billion euros.
MuniFin builds a better, more sustainable future together with our customers. Our customers include local authorities, joint local authorities, human services counties, joint county authorities, corporations under the control of the above organizations, and affordable social housing. The loans will be used for environmentally and socially responsible investments such as public transport, sustainable buildings, hospitals and medical centres, schools and day care centers, and housing for people with special needs.
MuniFin's clients are national, but the company operates in a fully global business environment. It is an active Finnish bond issuer on international capital markets and is Finland's first Green and Social Bond issuer. The funds are exclusively guaranteed by the Local Guarantee Board.
read more: https://www.kuntarahoitus.fi/en/
Important information
The information contained herein may not be published, published or distributed, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or in any circumstances where such publication, publication or distribution would be unlawful. It is not intended for. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy or sell any securities or securities in any jurisdiction in which such offer, solicitation, or sale would previously be unlawful. We also do not sell other financial products. Registration, exemption from registration, or exemption from qualification under the securities laws of any applicable jurisdiction.
This communication does not constitute an offer to sell securities in the United States. The notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or any applicable securities laws of any state of the United States, and may not be sold or offered directly or indirectly, within the United States, or to, or for the account or benefit of, U.S. persons, except pursuant to an applicable exemption from, or pursuant to, the registration requirements of the Securities Act.
