Municipality Finance Plc has announced its decision to redeem early notes issued under its MTN (Medium Term Note) program. The EUR 50 million notes, with ISIN XS2546390795, will be redeemed in full on 23 October 2023.
The notes are currently listed on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. However, Municipality Finance Plc has already begun the process of removing the notes from trading by filing an application.
Municipality Finance Plc, also known as MuniFin, is one of Finland’s largest credit institutions. Its ownership includes Finnish municipalities, the public sector pension fund Keva, and the Republic of Finland. MuniFin Group also comprises Financial Advisory Services Inspira Ltd. The company boasts a balance sheet totaling approximately EUR 48 billion.
MuniFin aims to build a better and more sustainable future through its collaboration with customers. Its clientele includes municipalities, joint municipal authorities, wellbeing services counties, joint county authorities, corporate entities controlled by the aforementioned organizations, and providers of affordable social housing. The funds provided by MuniFin are utilized for environmentally and socially responsible investment projects, such as public transportation, sustainable buildings, hospitals and healthcare centers, schools and day care centers, and homes for people with special needs.
Although MuniFin predominantly operates in the domestic market, the company is involved in a global business environment. It is an active Finnish bond issuer in international capital markets and holds the distinction of being the first Finnish green and social bond issuer. The funding received by MuniFin is guaranteed exclusively by the Municipal Guarantee Board.
For further information, interested parties can contact Joakim Holmström, Executive Vice President of Capital Markets and Sustainability at MuniFin, via phone at +358 50 444 3638.
Important legal information accompanies this announcement. The release, publication, or distribution of the information contained herein, either in whole or in part, directly or indirectly, may be unlawful in certain countries or jurisdictions. The information provided does not constitute an offer to sell or solicitation of an offer to buy any securities or financial instruments, unless registered, exempt from registration, or qualified under the applicable securities laws of the relevant jurisdiction.
Furthermore, the notes mentioned in this communication are not offered for sale in the United States. They have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or under any applicable securities laws of any state in the United States. The notes may not be offered or sold, directly or indirectly, in the United States or to U.S. persons, except in compliance with the registration requirements of the Securities Act or in transactions exempt from such requirements.
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