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Municipality Finance issues two € 100 million notches as part of its MTN London Stock Exchange program: IRSH

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Municipality Finance Plc
Stock market release
November 20, 2020 at 9:00 a.m. (EET)

Municipality Finance issues two notches of 100 million euros as part of its MTN program

On November 23, 2020, Municipality Finance Plc issues a new tranche to a benchmark and a social bond. The new tranches are issued under the MuniFins program of 40 billion euros for the issuance of debt securities. The Offer Circular and the Supplementary Offer Circular are available in English on the Company’s website at https://www.munifin.fi/investor-relations.

100 million euros draw on a social bond

MuniFin issues a new tranche for an amount of 100 million euros on a social bond issued on September 10, 2020. With the new tranche, the overall notional amount of the social bond is 600 million euros. The social bond’s maturity date is September 10, 2035 and it bears interest at a fixed rate of 0.05% per annum.

MuniFin has requested the admission of the new tranche to trading on the Helsinki Stock Exchange maintained by the Nasdaq Helsinki. Public trading is expected to begin on November 23, 2020. The existing series notes are admitted to trading on the Helsinki Stock Exchange.

Deutsche Bank acts as concessionaire for the issuance of the new tranche.

100 million euros on a benchmark

MuniFin issues a new tranche for an amount of 100 million euros on an existing benchmark index issued on January 12, 2017. With the new tranche, the overall notional amount of the benchmark is 1,450 million euros . The benchmark index’s maturity date is November 26, 2026 and bears interest at a fixed rate of 0.625% per annum.

MuniFin has requested the admission of the new tranche to trading on the regulated market of the London Stock Exchange and on the Helsinki Stock Exchange maintained by the Nasdaq Helsinki. Public trading is scheduled to begin on November 23, 2020. The existing notes in the series are admitted to trading on the London Stock Exchange and the Helsinki Stock Exchange.

Swedbank acts as concessionaire for the new tranche.

MUNICIPALITY FINANCE PLC

Further information:

Joakim holmstrm
Executive Vice President, Capital Markets
Phone. +358 9 6803 5674

MuniFin (Municipality Finance Plc) is one of the largest credit institutions in Finland: the company’s balance sheet is approximately 41 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’s clients are Finnish municipalities, municipal federations, 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 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

Important information

The information contained in this document is not intended to be disseminated, published or distributed, in whole or in part, directly or indirectly, in or in any such country or jurisdiction or otherwise in such circumstances in which the publication, publication or distribution would be illegal. The information contained in this document does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of securities or other financial instruments in any jurisdiction where such offering, soliciting or selling would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any of these jurisdictions.

This communication does not constitute an offer to sell securities in the United States. The Notes have not been and will not be registered under the US Securities Act of 1933, as amended (the “Securities Act”) or under applicable securities laws of any state of the United States and will not may be offered or sold, directly or indirectly, in the United States or to, or on behalf of or for the benefit of, persons of the United States, except under an applicable exemption or in a transaction not subject to the requirements of ‘Securities Act registration.

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