Municipality Finance Plc (MuniFin) is issuing EUR 75 million in notes.
The notes will be issued on May 18, 2026, and mature on May 18, 2038. The company has the option to redeem them early on May 18, 2030.
The notes carry a fixed annual interest rate of 3.609%.
MuniFin has applied for the notes to be listed on the Helsinki Stock Exchange. Trading is expected to begin today. Goldman Sachs Bank Europe SE is the dealer.
MuniFin is one of Finland's largest credit institutions with a balance sheet exceeding EUR 55 billion. It is owned by Finnish municipalities, the public sector pension fund Keva, and the State of Finland.
MuniFin provides lending to municipalities, joint municipal authorities, wellbeing services counties, corporate entities under their control, and non-profit organizations designated by the Housing Finance and Development Centre of Finland.
The loans support infrastructure projects such as public transportation, buildings, hospitals, healthcare centers, schools, daycare centers, and specialized housing.
The company issues bonds in international capital markets and its funding is guaranteed by the Municipal Guarantee Board.
