Municipality Finance Plc, one of Finland’s largest credit institutions, has announced the issuance of a GBP 25 million tap under its MTN programme. This new tranche will be added to an existing benchmark issued on 7 March 2024, bringing the total nominal amount of the benchmark to GBP 275 million. The maturity date for this benchmark is set for 2 October 2028, with an interest rate of 4.375% per annum.
This issuance falls under MuniFin’s EUR 45 billion programme for debt instrument issuance, with all relevant documentation available on the company’s website. The new tranche is expected to be admitted to trading on the Helsinki Stock Exchange on 25 April 2024, with NatWest Markets N.V. acting as the Dealer for the issue.
Municipality Finance Plc, owned by Finnish municipalities, the public sector pension fund Keva, and the Republic of Finland, operates in a global business environment. The company focuses on environmentally and socially responsible investments, supporting projects such as public transportation, sustainable buildings, healthcare facilities, and affordable housing.
With a balance sheet totaling close to EUR 50 billion, MuniFin is a key player in the Finnish financial market. The company is known for its active participation in international capital markets and its commitment to green and social bond issuance. For more information, visit www.munifin.fi.