Municipality Finance issues EUR 25 million notes, USD 100 million notes and RON 33.5 million notes under its MTN programme

Helsinki, FINLAND


Municipality Finance Plc
Stock exchange release
16 March 2022 at 10:00 am (EET)

Municipality Finance issues EUR 25 million notes, USD 100 million notes and RON 33.5 million notes under its MTN programme

On 17 March 2022 Municipality Finance Plc issues EUR 25 million notes, USD 100 million notes and RON 33.5 million notes. The notes are issued under MuniFin’s EUR 40 billion programme for the issuance of debt instruments. The offering circular and the supplemental offering circular are available in English on the company's website at www.munifin.fi/investor-relations.

MuniFin has applied the notes to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 17 March 2022.

EUR 25 million notes

The maturity date of the notes is 17 March 2042. MuniFin has a right but no obligation to redeem the notes early on 17 March 2024. The notes bear interest at fixed rate of 1.5855% per annum.

Morgan Stanley & Co. International plc acts as the Dealer for the issue of the notes.

USD 100 million notes

The maturity date of the notes is 17 March 2025 and the notes bear interest at fixed rate of 2.02% per annum.

Crédit Agricole CIB acts as the Dealer for the issue of the notes.

RON 33.5 million notes

The maturity date of the notes is 18 March 2024 and the notes bear interest at fixed rate of 5.35% per annum.

Citigroup Global Markets Europe AG acts as the Dealer for the issue of the notes.

MuniFin acquires funding in several different currencies. Most of the funding is acquired in euros and US dollars. The company hedges its currency related risks in accordance with its risk management principles.

MUNICIPALITY FINANCE PLC

Further information:

Joakim Holmström
Executive Vice President, Capital Markets and Sustainability
tel. +358 50 444 3638

MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The company is owned by Finnish municipalities, the public sector pension fund Keva and the Republic of Finland. MuniFin Group also includes the subsidiary company, Financial Advisory Services Inspira Ltd. The Group’s balance sheet is over EUR 46 billion.

MuniFin builds a better and more sustainable future 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, 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. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

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.