HELSINKI – Municipality Finance Plc (MuniFin) has announced the issuance of a new €10 million tranche under its existing Medium Term Notes (MTN) programme. The tranche is scheduled to be issued on Friday, increasing the total notional value of the series to €50 million, with a maturity date set for January 14, 2028.
The notes, which were first issued on January 14, 2025, bear a floating interest rate of three-month EURIBOR plus 18 basis points (bps) per year. The issuance is part of MuniFin’s large €50 billion debt product program.
MuniFin is seeking approval to trade the new tranche on the Helsinki Stock Exchange, operated by Nasdaq Helsinki, with public trading expected to begin on the same day of issuance. Existing notes of this series are already listed on the Helsinki Stock Exchange.
Skandinaviska Enskilda Banken AB (publ) has been appointed to manage the transaction as the new tranche dealer. The Offer Circular and related documents can be accessed in English from MuniFin’s website.
MuniFin is one of Finland’s leading financial institutions with a balance sheet of over 50 billion euros. The company, owned by Finnish municipalities, the public sector pension fund Keba, and the Republic of Finland, is an important player in international capital markets and is recognized as Finland’s first green and social bond issuer. MuniFin funding is fully guaranteed by the Provincial Guarantee Board.
The company specializes in financing projects that promote environmental and social responsibility, including sustainable public transportation, healthcare facilities, educational institutions, and housing for individuals with special needs.
This latest financial move by MuniFin is part of MuniFin’s commitment to supporting sustainable development through its lending operations. The information disclosed is based on the press release statement and does not constitute an offer of securities for sale in the United States or any jurisdiction in which such an offer would be unlawful.
This article was generated with the help of AI and reviewed by an editor. Please see our Terms of Use for more information.
