Municipality Finance issues £ 65million tap as part of its MTN London Stock Exchange program: IRSH
Municipality Finance Plc
Stock market release
April 28, 2021 at 9:00 a.m. (EET)
Financing problems of municipalities a 6 GBP5 million tap under his MTN program
On April 29, 2021, Municipality Finance Plc issues a new tranche in the amount of £ 65 million to an existing benchmark issued on March 17, 2021. With the new tranche, the aggregate notional amount of the benchmark is 340 million GBP. The benchmark index’s maturity date is December 17, 2025. The benchmark index bears interest at a fixed rate of 0.375% per annum.
The new tranche is issued as part of MuniFin’s € 40 billion program for the issuance of debt securities. The Offer Circular and the Supplementary Offer Circular are available in English on the Company’s website at www.munifin.fi/investor-relations.
MuniFin has requested the admission of the new tranche to trading on the Helsinki Stock Exchange maintained by the Nasdaq Helsinki. Public trading is scheduled to begin on April 29, 2021. The existing notes in the series are admitted to trading on the Helsinki Stock Exchange.
Barclays acts as broker for the new tranche.
MUNICIPALITY FINANCE PLC
Executive Vice-President, Capital Markets and Sustainable Development
Phone. +358 50 444 3638
MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions: the company’s balance sheet stands at 44 billion euros. The company is owned by Finnish municipalities, the public sector pension fund Keva and the Republic of Finland.
MuniFin’s mission is to build a better future in accordance with the principles of responsibility and in cooperation with its customers. MuniFin customers are Finnish municipalities, joint municipal authorities, entities controlled by municipalities and non-profit housing organizations. The loans are used for environmentally and socially responsible investment purposes such as public transport, sustainable buildings, hospitals and health centers, schools and daycares, and homes for people with special needs.
MuniFin’s clients are national, but the company operates in a completely global business environment. It is the most active Finnish bond issuer on the international capital markets and the leading Finnish green and social bond issuer. Funding is exclusively guaranteed by the City Council guarantee.
The Municipality Finance Group also includes the subsidiary, Financial Advisory Services Inspira Ltd.
Find out more: www.munifin.fi
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