Municipality Finance issues a EUR 50 million tap under its MTN programme
Summary
The benchmark bears interest at fixed rate of 0.00% per annum.The new tranche is issued under MuniFins EUR 45 billion programme for the issuance of debt instruments. The existing notes in the series are admitted to trading on the Helsinki Stock Exchange.Danske Bank acts as the Dealer for the issue of the new tranche.MuniFin (Municipality Finance Plc) is one of Finlands largest credit institutions. The owners of the company include Finnish municipalities, the public sector pension fund Keva and the Republic of Finland. The Groups balance sheet totals approximately EUR 48 billion.MuniFin builds a better and more sustainable future with its customers. 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.MuniFins customers are domestic but the company operates in a completely global business environment.