Municipality Finance issues €25 million notes due 2035

Municipality Finance Plc, a major credit institution based in Finland, is set to issue €25 million worth of notes due in 2035 as part of its €55 billion debt instruments programme. The fixed interest rate for these medium-term notes is 4.185% per annum, with an early redemption option on January 2, 2030. Société Générale is handling the transaction, and the notes are expected to begin public trading on the Helsinki Stock Exchange operated by Nasdaq Helsinki on Sunday.

The company, which has a balance sheet exceeding €57 billion, is backed by Finnish municipalities, the public sector pension fund Keva, and the State of Finland. Municipality Finance provides lending to various entities, issuing bonds in international capital markets with funding guaranteed by the Municipal Guarantee Board.

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