Municipality Finance Plc has announced the issuance of a GBP 25 million tap under its MTN programme, adding to an existing benchmark issued earlier this year. The new tranche brings the total nominal amount of the benchmark to GBP 400 million, with a maturity date set for October 2, 2028, and an interest rate of 4.375% per annum.
This latest issuance is part of MuniFin’s EUR 45 billion programme for debt instrument issuance, with the offering circular and final terms available on the company’s website. The new tranche is expected to be admitted to trading on the Helsinki Stock Exchange on May 7, 2024, with TD Global Finance Unlimited Company serving as the Dealer for the issue.
Municipality Finance Plc, one of Finland’s largest credit institutions, aims to build a better and more sustainable future with its customers, which include municipalities, joint municipal authorities, and corporate entities under their control. The company focuses on environmentally and socially responsible investments, such as public transportation, sustainable buildings, and affordable social housing.
Operating in a global business environment, MuniFin is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding for these initiatives is guaranteed by the Municipal Guarantee Board.
For more information on Municipality Finance Plc and its latest issuance, visit www.munifin.fi.