HELSINKI – Municipality Finance Plc (MuniFin) announced the issuance of 9 million in notes, scheduled for public trading on the Helsinki Stock Exchange starting today. These notes, part of MuniFin’s EUR 50 billion debt instrument program, have a floating interest rate pegged to the 3-month EURIBOR plus 40 basis points annually.
The notes, which mature on January 24, 2037, are expected to support MuniFin’s commitment to financing sustainable and socially responsible projects across Finland. The company’s clientele primarily consists of Finnish municipalities, municipal authorities, and non-profit organizations focused on developing public infrastructure and services.
Societe Generale (OTC:) Paris is the dealer for this issuance, which aligns with MuniFin’s role as a significant player in the Finnish and international bond markets. The organization has a history of pioneering green and social bonds in Finland, emphasizing its dedication to environmental and social sustainability.
MuniFin’s operations, while rooted in serving Finnish domestic needs, extend into the global business environment, reflecting its status as one of Finland’s largest credit institutions. The company’s balance sheet surpasses EUR 50 billion, backed by guarantees from the Municipal Guarantee Board.
The issuance of these notes adheres to the regulations and guidelines set forth in the securities markets, with the offering circular and final terms available in English on MuniFin’s official website. This press release is based on a press release statement and is intended to provide factual information without endorsement of claims.
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