HELSINKI - Municipality Finance Plc, a prominent Finnish credit institution, has announced the issuance of NOK 3 billion (Norwegian Krone) in notes under its Medium Term Note (MTN) program. The issuance is scheduled for Wednesday, with the notes set to mature on January 15, 2030. Bearing a floating interest rate pegged to the 3-month Nibor plus 25 basis points per annum, these notes are part of MuniFin's extensive EUR 50 billion debt instrument program.
The company has arranged for the newly issued notes to be listed on the Helsinki Stock Exchange, operated by Nasdaq Helsinki, with public trading expected to begin on the day of issuance. Nordea Bank Abp (OTC:NRDBY) and DNB Bank ASA have been appointed as Joint Lead Managers for this financial endeavor.
Municipality Finance serves a critical role in funding sustainable and socially responsible projects across Finland. Its clientele includes municipalities, social housing entities, and various public institutions, with investments often directed towards the development of infrastructure such as public transportation, educational facilities, and healthcare centers.
This latest financial move by MuniFin reflects its active participation in the global capital markets and emphasizes its status as a pioneer in issuing green and social bonds within Finland. The proceeds from these notes are backed by the Municipal Guarantee Board, providing a layer of security for investors.
The offering and supplemental circulars, along with the final terms of the notes, are publicly accessible on MuniFin's website. It is important to note that the information provided here is based on a press release statement and should not be considered as an offer to sell or a solicitation of an offer to buy securities where such actions would be unlawful. 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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