HELSINKI - Municipality Finance Plc announced the issuance of EUR 20 million in notes under its Medium-Term Note (MTN) program, set to take place on Tuesday. These notes, which mature on January 14, 2028, will carry a floating interest rate pegged to the 3-month EURIBOR plus 18 basis points annually.
The issuance is part of the company's extensive EUR 50 billion debt instrument program. Details regarding the offering and the notes' final terms are publicly accessible on MuniFin's website.
The company has taken steps to list the notes on the Helsinki Stock Exchange, operated by Nasdaq Helsinki, with public trading anticipated to commence on the issue date. Nordea Bank Abp (OTC:NRDBY) is serving as the dealer for this issuance.
MuniFin is a prominent credit institution in Finland, backed by Finnish municipalities, the public sector pension fund Keva, and the Republic of Finland. With a balance sheet exceeding EUR 50 billion, MuniFin focuses on funding projects that promote environmental and social sustainability, such as public transportation, sustainable buildings, and healthcare facilities.
As a major Finnish bond issuer in the international capital markets, MuniFin has the distinction of being Finland's first issuer of green and social bonds. The Municipal Guarantee Board exclusively guarantees its funding.
This press release statement provides the information, which does not constitute a sale offer in the United States or any jurisdiction where such an offer or solicitation would be illegal. 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 without registration or an applicable exemption from the registration requirements.
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