MuniFin expands bond series with EUR 10 million tap By Investing.com



HELSINKI – Municipality Finance Plc (MuniFin) has announced the issuance of a new EUR 10 million tranche under the existing Medium-Term Note (MTN) program. This tranche, scheduled to be issued on Friday, will increase the total nominal value of the series to EUR 50 million, with a maturity date set for January 14, 2028.

The notes, first issued on January 14, 2025, have a floating interest rate pegged to the 3-month EURIBOR and 18 basis points (bps) per annum. This issuance falls under the broad EUR 50 billion debt instrument program of MuniFin.

MuniFin is seeking approval for the new tranche to be traded on the Helsinki Stock Exchange, which is operated by Nasdaq Helsinki, with public trading expected to begin on the same day of issuance. The current series notes are already listed on the Helsinki Stock Exchange.

Skandinaviska Enskilda Banken AB (publ) has been appointed to manage the transaction as Dealer for the new tranche. The offering circular and related documentation are accessible in English on the MuniFin website.

MuniFin stands as one of the largest credit institutions in Finland with a balance sheet of more than EUR 50 billion. Owned by Finnish municipalities, the public sector pension fund Keva, and the Republic of Finland, the company is a key player in international capital markets and is recognized as Finland’s first green exporter. and social bonds. MuniFin funding is fully guaranteed by the Municipal Guarantee Board.

The company specializes in providing financing for projects that promote environmental and social responsibility, such as sustainable public transportation, healthcare facilities, educational institutions, and housing for individuals with special needs.

This latest financial move by MuniFin is part of its commitment to support sustainable development through its lending. The information disclosed is based on a press release statement and does not constitute an offer of securities for sale in the United States or in any other jurisdiction where such an offer would be unlawful.

This article was created with the support of AI and reviewed by an editor. For more information see our T&C.





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