HELSINKI – Municipality Finance Plc, a major Finnish credit institution, announced its decision to repay 10 million euros of securities ahead of schedule. The bonds, identified by ISIN XS2581756629, will be fully redeemed on January 31, 2025.
Early redemption concerns securities currently traded on the Helsinki Stock Exchange, operated by Nasdaq Helsinki. Municipality Finance, also known as MuniFin, has initiated the process of delisting these notes from the exchange.
This decision by MuniFin, an organization owned by Finnish municipalities, the public sector pension fund Keva and the Republic of Finland, is part of their management of financial instruments under the Medium Term Note (MTN) program ) of the company. MuniFin’s balance sheet is large, exceeding €50 billion, and it is one of the largest bond issuers in Finland, notably being the first to issue green and social bonds in the country.
MuniFin’s customer base is primarily national and consists of municipalities, common municipal authorities, county welfare departments and various non-profit organizations. These entities use MuniFin’s lending services for environmentally and socially responsible investments, such as the development of public transportation, sustainable buildings, healthcare facilities, educational facilities, and special needs housing. .
The company operates in a global business environment, although its customer base is in Finland. Its financing is entirely ensured by the Municipal Guarantee Council.
This announcement is based on a press release and does not constitute an offer to sell or a solicitation of an offer to buy any securities. It was clarified that the Notes have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be sold in the United States or to US persons unless exempted registration or transaction. is not subject to registration requirements.
MuniFin Executive Vice President of Capital Markets and Sustainability Joakim Holmström is available for more information on this financial maneuver. The early redemption of these notes is part of MuniFin’s strategic financial management and reflects its continued commitment to international capital markets.
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