MuniFin expands social bond to NOK 2.5 billion

HELSINKI - Municipality Finance Plc (MuniFin) has announced the issuance of an additional NOK 500 million tranche under its existing social bond, initially issued on February 20, 2024. The new issuance, dated for May 23, 2025, brings the total value of the social bond to NOK 2.5 billion, with a fixed annual interest rate of 4.00% and a maturity date of February 20, 2029.

This latest tranche is part of MuniFin’s EUR 50 billion Medium Term Note (MTN) program, which facilitates the issuance of debt instruments. The bond is expected to start trading publicly on the Helsinki Stock Exchange, maintained by Nasdaq Helsinki, on the day of the issue. Nordea Bank Abp (OTC:NRDBY) is serving as the dealer for this new tranche.

MuniFin is a prominent credit institution in Finland, with a balance sheet exceeding EUR 53 billion. Owned by Finnish municipalities, the public sector pension fund Keva, and the State of Finland, MuniFin focuses on financing investments that promote environmental and social sustainability. Such projects include public transportation, sustainable building projects, healthcare facilities, educational institutions, and housing for individuals with special needs.

The company is an established issuer of green and social bonds in the international capital markets and operates within a global business environment. The Municipal Guarantee Board exclusively guarantees MuniFin’s funding.

The information disclosed in this article is based on a press release statement from Municipality Finance Plc. The release of this information is not intended for distribution in jurisdictions where such dissemination would be unlawful, nor does it constitute an offer to sell securities in the United States or to U.S. persons, as the notes have not been registered under the U.S. Securities Act of 1933.

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