HELSINKI - Municipality Finance Plc has announced the issuance of a GBP 25 million tap under its existing Medium Term Note (MTN) program, set to commence trading on the Helsinki Stock Exchange on Monday. This new tranche increases the total nominal amount of the benchmark, originally issued on March 7, 2024, to GBP 425 million.
The notes, which mature on October 2, 2028, carry a fixed annual interest rate of 4.375%. The issuance is part of MuniFin’s extensive EUR 50 billion debt instrument program. The new tranche will join the existing notes of the series on the Nasdaq Helsinki-managed Helsinki Stock Exchange.
TD Global Finance Unlimited Company is serving as the dealer for this issue. MuniFin, a significant credit institution in Finland, is backed by Finnish municipalities, the public sector pension fund Keva, and the Republic of Finland, with a balance sheet surpassing EUR 50 billion.
MuniFin emphasizes its commitment to financing investments that are environmentally and socially responsible, supporting projects such as public transportation, sustainable buildings, and social housing. The organization has a strong presence in global markets, being the first Finnish issuer of green and social bonds.
The issuance of the notes is subject to the terms outlined in the offering circular, supplemental offering circular, and final terms, which are available on the company's official website.
This move by MuniFin underscores its role as a facilitator of sustainable development through financial instruments, catering to a broad range of public sector entities within Finland. The company's global business operations reflect the increasing interconnectivity of finance and sustainability.
The information for this report is based on a press release statement. It does not constitute an offer of securities for sale in the United States, as the notes have not been registered under the U.S. Securities Act of 1933 and are not available for sale within the United States or to U.S. persons, except under certain exemptions.
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