Municipality Finance Plc (MuniFin) announced it will issue zero coupon notes worth EUR 40 million on June 23, 2025. These notes will mature on June 23, 2065.
The notes are part of MuniFin’s EUR 50 billion debt instrument program. They include an early redemption option, allowing MuniFin to repay the notes early on June 23, 2040, if it chooses to do so.
MuniFin has applied to list the notes on the Helsinki Stock Exchange, operated by Nasdaq Helsinki. Trading is expected to begin on June 24, 2025. Goldman Sachs Bank Europe SE is the dealer for this issue.
The offering circular and final terms are available in English on MuniFin’s website, according to the company’s press release.
MuniFin is one of Finland’s largest credit institutions, with a balance sheet exceeding EUR 53 billion. It is owned by Finnish municipalities, the public sector pension fund Keva, and the Finnish government.
The company mainly lends to municipalities, joint municipal authorities, wellbeing services counties, their controlled corporate entities, and non-profit organizations nominated by the Housing Finance and Development Centre of Finland.
The funding for these notes is backed by a guarantee from the Municipal Guarantee Board.
These notes are not registered under the U.S. Securities Act of 1933 and cannot be offered or sold in the United States or to U.S. persons, except under specific exemptions.
Related topics:
