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Municipality Finance issues its debut social bond under MTN programme

Municipality Finance Plc
Stock exchange release
8 September 2020 at 1:30 pm (EET)

Municipality Finance issues its debut social bond under MTN programme

Municipality Finance Plc issues EUR 500 million social bond on 10 September 2020. The maturity date is 10 September 2035. The social bond bears interest at fixed rate of 0.050 % per annum.

The social bond is issued under MuniFin’s EUR 40 billion programme for the issuance of debt instruments. The offering circular is available in English on the company’s website at www.munifin.fi/investor-relations.

MuniFin has applied for the social bond to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 10 September 2020.

BNP Paribas, Credit Agricole CIB, DZ Bank and SEB act as the Joint Lead Managers for the issue of the social bond.

MUNICIPALITY FINANCE PLC

Further information:

Joakim Holmström
Executive Vice President, Capital Markets
tel. +358 9 6803 5674

MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions: the company’s balance sheet totals nearly EUR 41 billion. 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 line with the principles of responsibility and in cooperation with its customers. MuniFin’s customers are Finnish municipalities, municipal federations, municipally controlled entities and non-profit housing organisations. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

MuniFin’s customers are domestic but the company operates in a completely global business environment. It is the most active Finnish bond issuer in international capital markets and the first Finnish green bond issuer.  The funding is exclusively guaranteed by the Municipal Guarantee Board.

The Municipality Finance Group also includes the subsidiary company, Financial Advisory Services Inspira Ltd.

Read more: www.munifin.fi 

Important Information

The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

Municipality Finance issues EUR 50 million notes under MTN programme

Municipality Finance Plc
Stock exchange release
1 September 2020 at 8:00 am (EET)

Municipality Finance issues EUR 50 million notes under MTN programme


Municipality Finance Plc issues EUR 50 million notes on 2 September 2020. The maturity date is 14 January 2060. MuniFin has the right but no obligation to redeem the notes early on 14 January 2032. The notes bear interest at fixed rate of 0.854% per annum.

The notes are issued under MuniFin’s EUR 40 billion programme for the issuance of debt instruments. The offering circular is available in English on the company’s website at www.munifin.fi/investor-relations.

MuniFin has applied for the notes to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 2 September 2020.

J.P. Morgan Securities plc acts as the Dealer for the issue of the notes.

MUNICIPALITY FINANCE PLC

Further information:

Joakim Holmström
Executive Vice President, Capital Markets
tel. +358 9 6803 5674

MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions: the company’s balance sheet totals nearly EUR 41 billion. 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 line with the principles of responsibility and in cooperation with its customers. MuniFin’s customers are Finnish municipalities, municipal federations, municipally controlled entities and non-profit housing organisations. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

MuniFin’s customers are domestic but the company operates in a completely global business environment. It is the most active Finnish bond issuer in international capital markets and the first Finnish green bond issuer.  The funding is exclusively guaranteed by the Municipal Guarantee Board.

The Municipality Finance Group also includes the subsidiary company, Financial Advisory Services Inspira Ltd.

Read more: www.munifin.fi 

Important Information

The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

Municipality Finance Plc Half Year Report January–June 2020: The COVID-19 pandemic increased the demand for financing in municipalities

Municipality Finance Plc
Half Year Report
14 August 2020 at 10.30 am (EET)

Municipality Finance Plc Half Year Report January–June 2020: The COVID-19 pandemic increased the demand for financing in municipalities

This release is a summary of Municipality Finance’s Half Year Report published on 14 August 2020. The complete Half Year Report with tables is attached to this release and available at www.munifin.fi.

In brief: MuniFin Group in the first half of 2020

  • The Group’s net operating profit excluding unrealised fair value changes increased by 3.6% and amounted to EUR 93 million in the reporting period (EUR 90 million). The net interest income grew by 5.3%, totalling EUR 123 million (EUR 117 million). Costs in the reporting period amounted to EUR 32 million (EUR 31 million), making it 3.2% greater than in the first half of 2019. The COVID-19 pandemic had only a minor effect on the Group’s net operating profit.
  • The net operating profit including unrealised fair value changes amounted to EUR 62 million (EUR 34 million). In this reporting period, the unrealised fair value changes were EUR -31 million (EUR -56 million).
  • At 87.8% (83.1%), the Group’s CET1 capital ratio was very strong.
  • The Group’s leverage ratio was 3.8% (4.0%) at the end of June.
  • The Group’s long-term customer financing grew by 7.8% (3.3%) in the reporting period. The long-term customer financing portfolio stood at EUR 26,743 million at the end of the reporting period (EUR 24,798 million). This figure includes both long-term loans and leased assets. The total of new lending in January–June amounted to EUR 2,543 million (EUR 1,386 million). The growth was spurred by the increase in the demand of loans and a drop in the availability of financing from other credit institutions, both due to the COVID-19 pandemic.
  • In the entire customer finance portfolio, the amount of green financing targeted at environmentally friendly investments totalled EUR 1,436 million (EUR 1,263 million).
  • In January–June, new long-term funding reached EUR 5,504 million (EUR 3,432 million). At the end of June, the long-term funding totalled EUR 35,805 million (EUR 33,929 million).
  • The Group’s liquidity has remained excellent. At the end of June 2020, total liquidity amounted to EUR 8,311 million (EUR 9,882 million). The Liquidity Coverage Ratio was 353.9% (430.2%) at the end of the reporting period.
  • Return on equity (ROE) was 6.2% (6.8%) at the end of June.
  • Outlook for the second half of 2020: the Group expects its net operating profit excluding unrealised fair value changes to remain at the same level as in 2019.

Comparison figures deriving from the income statement and figures describing the change during the reporting period are based on figures reported for the corresponding period in 2019. Comparison figures deriving from the balance sheet and other cross-sectional items are based on the figures of 31 December 2019 unless otherwise stated.

President and CEO of MuniFin, Esa Kallio:

“For the MuniFin Group’s customers, the economic crisis triggered by the COVID-19 pandemic has been very different than previous downturns. In municipalities, the pandemic increased expenditure and reduced income base. It first hit the large cities whose economic structure is particularly service-heavy and whose finances rely greatly on their own tax revenue.

In housing construction, the effects of the COVID-19 pandemic have been more moderate than in municipal finances. Private construction is expected to slow down at least temporarily due to the pandemic, but the crisis may give further boost to state-subsidised housing production.

The pandemic has significantly increased the demand for MuniFin’s financing. The lending portfolio grew strongly – by almost 8 per cent – which was partly due to other credit institutions’ partial withdrawal from financing municipalities. MuniFin’s new lending increased by almost EUR 1.2 billion in January–June compared to the previous year’s figure. Our customers’ financing has been secured throughout the crisis.

Our funding has continued effectively and without interruptions throughout the pandemic. We issued three successful benchmark bonds during the reporting period. These issues were several times oversubscribed despite exceptionally challenging market conditions. Successful issues are a strong testimonial of our ability to ensure our customers’ access to funding also in difficult market conditions. The pandemic had only a minor effect on the Group’s profit. The net operating profit excluding unrealised fair value changes increased by 3.6% in the reporting period, and the capital position remained strong in relation to business operations.”

Key figures (Group)      
       
  30 Jun 2020 30 Jun 2019 31 Dec 2019
Net operating profit excluding unrealised fair value changes (EUR million) 93 90 186
Net operating profit (EUR million) 62 34 131
Net interest income (EUR million) 123 117 240
New lending (EUR million) 2,543 1,386 3,175
Long-term customer finance (EUR million) 26,743 23,719 24,798
New funding acquisition (EUR million) 5,504 3,432 7,385
Balance sheet total (EUR million) 41,288 36,956 38,934
CET1 capital (EUR million) 1,172 1,076 1,162
Tier 1 capital (EUR million) 1,519 1,423 1,510
Total own funds (EUR million) 1,519 1,423 1,510
CET1 capital ratio, % 87.8 69.1 83.1
Tier 1 capital ratio, % 113.8 91.4 107.9
Total capital ratio, % 113.8 91.4 107.9
Leverage ratio, % 3.8 4.0 4.0
Return on equity (ROE), % 6.2 3.6 6.8
Cost-to-income ratio 0.3 0.5 0.3
Personnel 167 163 167
       

Webcast for investors and other stakeholders

MuniFin’s results in January–June 2020 will be presented to investors and other stakeholders on a webcast held on 14 August 2020 at 2 pm EET. The webcast can be accessed at munifin.videosync.fi/half-year-report-2020. A recording of the event will be available on MuniFin’s website after the webcast.

MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions: the company’s balance sheet totals approximately EUR 41 billion. 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 line with the principles of responsibility and in cooperation with its customers. MuniFin’s customers are Finnish municipalities, municipal federations, municipally controlled entities and non-profit housing organisations. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

MuniFin’s customers are domestic but the company operates in a completely global business environment. It is the most active Finnish bond issuer in international capital markets and the first Finnish green bond issuer.  The funding is exclusively guaranteed by the Municipal Guarantee Board.

The Municipality Finance Group also includes the subsidiary company, Financial Advisory Services Inspira Ltd.

Read more: www.munifin.fi

Attachment

Municipality Finance issues EUR 40 million notes under MTN programme

Municipality Finance Plc
Stock exchange release
30 July 2020 at 10:30 pm (EET)

Municipality Finance issues EUR 40 million notes under MTN programme

Municipality Finance Plc issues EUR 40 million notes on 3 August 2020. The maturity date is 8 January 2060. MuniFin has the right but no obligation to redeem the notes early on 8 January 2035. The notes bear interest at fixed rate of 0.726% per annum.

The notes are issued under MuniFin’s 40 billion programme for the issuance of debt instruments. The offering circular is available in English on the company’s website at www.munifin.fi/investor-relations.

MuniFin has applied for the notes to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 3 August 2020.

Barclays Bank PLC acts as the Dealer for the issue of the notes.

MUNICIPALITY FINANCE PLC

Further information:

Joakim Holmström
Executive Vice President, Capital Markets
tel. +358 9 6803 5674

MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions: the company’s balance sheet totals nearly EUR 39 billion. 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 line with the principles of responsibility and in cooperation with its customers. MuniFin’s customers are Finnish municipalities, municipal federations, municipally controlled entities and non-profit housing organisations. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

MuniFin’s customers are domestic but the company operates in a completely global business environment. It is the most active Finnish bond issuer in international capital markets and the first Finnish green bond issuer.  The funding is exclusively guaranteed by the Municipal Guarantee Board.

The Municipality Finance Group also includes the subsidiary company, Financial Advisory Services Inspira Ltd.

Read more: www.munifin.fi

Important Information

The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

Municipality Finance issues a EUR 50 million tap under its MTN programme

Municipality Finance Plc
Stock exchange release
13 July 2020 at 12:30 pm (EET)

Municipality Finance issues a EUR 50 million tap under its MTN programme

On 15 July 2020 Municipality Finance Plc issues a new tranche in an amount of EUR 50 million to an existing benchmark issued on 22 April 2020. With the new tranche, the aggregate notional amount of the benchmark is EUR 1,150 million. The maturity date of the benchmark is 22 April 2025 and it bears interest at fixed rate of 0.00 % per annum.

The new tranche is issued under MuniFin’s EUR 40 billion programme for the issuance of debt instruments. The offering circular is available in English on the company’s website at www.munifin.fi/investor-relations.

MuniFin has applied for the new tranche to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 15 July 2020. The existing notes in the series are admitted to trading on the Helsinki Stock Exchange.

TD Securities acts as the Dealer for the new tranche.

MUNICIPALITY FINANCE PLC

Further information:

Joakim Holmström
Executive Vice President, Capital Markets
tel. +358 9 6803 5674

MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions: the company’s balance sheet totals nearly EUR 39 billion. 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 line with the principles of responsibility and in cooperation with its customers. MuniFin’s customers are Finnish municipalities, municipal federations, municipally controlled entities and non-profit housing organisations. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

MuniFin’s customers are domestic but the company operates in a completely global business environment. It is the most active Finnish bond issuer in international capital markets and the first Finnish green bond issuer.  The funding is exclusively guaranteed by the Municipal Guarantee Board.

The Municipality Finance Group also includes the subsidiary company, Financial Advisory Services Inspira Ltd.

Read more: www.munifin.fi

Important Information

The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

Municipality Finance issues a EUR 100 million tap under its MTN programme

Municipality Finance Plc
Stock exchange release
3 July 2020 at 12:30 pm (EET)

Municipality Finance issues a EUR 100 million tap under its MTN programme

On 7 July 2020 Municipality Finance Plc issues a new tranche in an amount of EUR 100 million to an existing benchmark issued on 22 April 2020. With the new tranche, the aggregate notional amount of the benchmark is EUR 1,100 million. The maturity date of the benchmark is 22 April 2025 and it bears interest at fixed rate of 0.00 % per annum.

The new tranche is issued under MuniFin’s 40 billion programme for the issuance of debt instruments. The offering circular is available in English on the company’s website at www.munifin.fi/investor-relations.

MuniFin has applied for the new tranche to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 7 July 2020. The existing notes in the series are admitted to trading on the Helsinki Stock Exchange.

TD Securities acts as the Dealer for the new tranche.

MUNICIPALITY FINANCE PLC

Further information:

Joakim Holmström
Executive Vice President, Capital Markets
tel. +358 9 6803 5674

MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions: the company’s balance sheet totals nearly EUR 39 billion. 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 line with the principles of responsibility and in cooperation with its customers. MuniFin’s customers are Finnish municipalities, municipal federations, municipally controlled entities and non-profit housing organisations. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

MuniFin’s customers are domestic but the company operates in a completely global business environment. It is the most active Finnish bond issuer in international capital markets and the first Finnish green bond issuer.  The funding is exclusively guaranteed by the Municipal Guarantee Board.

The Municipality Finance Group also includes the subsidiary company, Financial Advisory Services Inspira Ltd.

Read more: www.munifin.fi

Important Information

The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

Municipality Finance issues USD 50 million notes under MTN programme

Municipality Finance Plc
Stock exchange release
30 June 2020 at 12:30 pm (EET)

Municipality Finance issues USD 50 million notes under MTN programme

Municipality Finance Plc issues USD 50 million notes on 2 July 2020. The maturity of the notes is three years and the maturity date is 2 July 2023. MuniFin has the right but no obligation to redeem the notes early on 2 July 2021. The notes bear interest at fixed rate of 0.345 % per annum.

The notes are issued under MuniFin’s 40 billion programme for the issuance of debt instruments. The offering circular is available in English on the company’s website at www.munifin.fi/investor-relations.

MuniFin has applied for the notes to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 2 July 2020.

Jefferies International Limited acts as the Dealer for the issue of the notes.

MUNICIPALITY FINANCE PLC

Further information:

Joakim Holmström
Executive Vice President, Capital Markets
tel. +358 9 6803 5674

MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions: the company’s balance sheet totals nearly EUR 39 billion. 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 line with the principles of responsibility and in cooperation with its customers. MuniFin’s customers are Finnish municipalities, municipal federations, municipally controlled entities and non-profit housing organisations. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

MuniFin’s customers are domestic but the company operates in a completely global business environment. It is the most active Finnish bond issuer in international capital markets and the first Finnish green bond issuer.  The funding is exclusively guaranteed by the Municipal Guarantee Board.

The Municipality Finance Group also includes the subsidiary company, Financial Advisory Services Inspira Ltd.

Read more: www.munifin.fi

Important Information

The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

Municipality Finance issues USD 1 billion benchmark under MTN programme

Municipality Finance Plc
Stock exchange release
29 June 2020 at 12:30 pm (EET)

Municipality Finance issues USD 1 billion benchmark under MTN programme

Municipality Finance Plc issues USD 1 billion benchmark on 1 July 2020. The maturity date of the benchmark is 1 September 2023 and it bears interest at fixed rate of 0.375 % per annum.

The benchmark is issued under MuniFin’s 40 billion programme for the issuance of debt instruments. The offering circular is available in English on the company’s website at www.munifin.fi/investor-relations.

MuniFin has applied for the benchmark to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 1 July 2020.

Deutsche Bank, J.P. Morgan, RBC Capital Markets and TD Securities act as Joint Lead Managers for the issue of the benchmark.

MUNICIPALITY FINANCE PLC

Further information:

Joakim Holmström
Executive Vice President, Capital Markets
tel. +358 9 6803 5674

MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions: the company’s balance sheet totals nearly EUR 39 billion. 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 line with the principles of responsibility and in cooperation with its customers. MuniFin’s customers are Finnish municipalities, municipal federations, municipally controlled entities and non-profit housing organisations. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

MuniFin’s customers are domestic but the company operates in a completely global business environment. It is the most active Finnish bond issuer in international capital markets and the first Finnish green bond issuer.  The funding is exclusively guaranteed by the Municipal Guarantee Board.

The Municipality Finance Group also includes the subsidiary company, Financial Advisory Services Inspira Ltd.

Read more: www.munifin.fi

Important Information

The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

Municipality Finance issues a USD 25 million tap under its MTN programme

Municipality Finance Plc
Stock exchange release
23 June 2020 at 1:00 pm (EET)

Municipality Finance issues a USD 25 million tap under its MTN programme

On 25 June 2020 Municipality Finance Plc issues a new tranche in an amount of USD 25 million to an existing series of fixed rate notes originally issued on 11 June 2020. With the new tranche, the aggregate notional amount of the notes is USD 75 million. The maturity date of the notes is 11 June 2022. The notes bear interest at fixed rate of 0.464 % per annum.

The notes are issued under MuniFin’s 40 billion programme for the issuance of debt instruments. The offering circular is available in English on the company’s website at www.munifin.fi/investor-relations.

MuniFin has applied for the new tranche to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 25 June 2020. The existing notes in the series are admitted to trading on the Helsinki Stock Exchange.

NatWest Markets plc acts as the Dealer for the new tranche.

MUNICIPALITY FINANCE PLC

Further information:

Joakim Holmström
Executive Vice President, Capital Markets
tel. +358 9 6803 5674

MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions: the company’s balance sheet totals nearly EUR 39 billion. 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 line with the principles of responsibility and in cooperation with its customers. MuniFin’s customers are Finnish municipalities, municipal federations, municipally controlled entities and non-profit housing organisations. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

MuniFin’s customers are domestic but the company operates in a completely global business environment. It is the most active Finnish bond issuer in international capital markets and the first Finnish green bond issuer.  The funding is exclusively guaranteed by the Municipal Guarantee Board.

The Municipality Finance Group also includes the subsidiary company, Financial Advisory Services Inspira Ltd.

Read more: www.munifin.fi

Important Information

The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

Municipality Finance issues USD 50 million notes under MTN programme

Municipality Finance Plc
Stock exchange release
9 June 2020 at 11:00 am (EET)

Municipality Finance issues USD 50 million notes under MTN programme


Municipality Finance Plc (MuniFin) issues USD 50 million notes on 11 June 2020. The maturity of the notes is two years and the maturity date is 11 June 2022. The notes bear interest at fixed rate of 0.464 % per annum.

The notes are issued under MuniFin’s 40 billion programme for the issuance of debt instruments. The offering circular is available in English on the company’s website at www.munifin.fi/investor-relations.

MuniFin has applied for the notes to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 11 June 2020.

NatWest Markets acts as the Dealer for the issue of the notes.

MUNICIPALITY FINANCE PLC

Further information:

Joakim Holmström
Executive Vice President, Capital Markets
tel. +358 9 6803 5674

MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions: the company’s balance sheet totals nearly EUR 39 billion. 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 line with the principles of responsibility and in cooperation with its customers. MuniFin’s customers are Finnish municipalities, municipal federations, municipally controlled entities and non-profit housing organisations. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

MuniFin’s customers are domestic but the company operates in a completely global business environment. It is the most active Finnish bond issuer in international capital markets and the first Finnish green bond issuer.  The funding is exclusively guaranteed by the Municipal Guarantee Board.

The Municipality Finance Group also includes the subsidiary company, Financial Advisory Services Inspira Ltd.

Read more: www.munifin.fi

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