Municipality Finance's Strategic EUR 10 Million Notes Issuance

Municipality Finance's Strategic Move in Debt Instruments

Municipality Finance Plc has announced its latest financial maneuver, issuing EUR 10 million in zero coupon notes as part of its Medium Term Note (MTN) programme. This exciting development is set to take place on 18 June, with an impressive maturity date extending all the way to 18 June 2065. Notably, MuniFin holds the option, though not the obligation, to redeem these notes early on 18 June 2035.

Details of the Notes Issuance

The issuance of these notes falls within MuniFin’s expansive EUR 50 billion programme, designed for the issuance of various debt instruments. This structured approach has positioned the organization as a key player within the financial landscape, showcasing its commitment to responsible and impactful investment.

Trading and Market Impact

In a strategic move, MuniFin has applied for these notes to be listed on the Helsinki Stock Exchange, managed by Nasdaq Helsinki. Trading is anticipated to begin on 18 June, marking a significant opportunity for investors looking to engage with sustainable financial products.

Collaboration with Goldman Sachs

To facilitate this issuance, MuniFin has partnered with Goldman Sachs Bank Europe SE, acting as the dealer for the notes. This collaboration underscores MuniFin’s intent to ensure a smooth entry into the market while maintaining a focus on sustainable investments.

MuniFin’s Commitment to Sustainability

MuniFin is recognized as one of Finland’s largest credit institutions, primarily owned by Finnish municipalities and the public sector pension fund, Keva, alongside the State of Finland. The organization boasts a balance sheet exceeding EUR 53 billion, a testament to its robust financial standing.

Investing in Communities

At its core, MuniFin is dedicated to building a sustainable future for its clients. Their lending is directed towards environmentally and socially responsible initiatives, including public transportation projects, healthcare facilities, schools, and housing for individuals with special needs. These efforts demonstrate MuniFin’s commitment to enhancing community welfare through sustainable finance.

Global Perspective

While MuniFin serves domestic clients, it operates within a global financial environment. It stands as a prominent Finnish bond issuer in international markets and has pioneered green and social bonds in the region. The funding provided is guaranteed by the Municipal Guarantee Board, instilling confidence in its global engagements.

Contact Information for Further Insights

For further inquiries or detailed information regarding this issuance, individuals can reach out to Joakim Holmström, Executive Vice President of Capital Markets and Sustainability, at tel. +358 50 444 3638. His expertise will provide valuable insights into MuniFin's strategies and future plans.

Frequently Asked Questions

What are the terms of the zero coupon notes issued by MuniFin?

The zero coupon notes will have a maturity date of 18 June 2065 and can potentially be redeemed early on 18 June 2035.

Who is involved in the issuance of these notes?

Goldman Sachs Bank Europe SE is the dealer for the issuance, facilitating the process on behalf of MuniFin.

How does this issuance align with MuniFin's sustainability goals?

MuniFin focuses on environmentally and socially responsible investments, using funds to support initiatives such as public services and infrastructure.

Where will the notes be traded?

The notes have been applied for admittance to the Helsinki Stock Exchange, with trading expected to commence shortly after issuance.

What is MuniFin's overall financial standing?

MuniFin is one of Finland's largest credit institutions, holding a balance sheet of over EUR 53 billion, indicating a strong financial position.

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