New Issue: Municipality Finance prices $1 billion 1.75% five-year notes at mid-swaps plus 14 bps

By Aleesia Forni

Virginia Beach, May 15 - Finland's Municipality Finance plc sold $1 billion of 1.75% five-year notes (Aaa/AAA/) at mid-swaps plus 14 basis points, or Treasuries plus 23.5 bps, an informed source said.

Pricing was at 99.61.

The notes sold at the tight end of the mid-swaps plus 16 bps area talk.

Barclays, Daiwa Capital Markets, Credit Suisse Securities and RBC Capital Markets LLC were the bookrunners for the Rule 144A and Regulation S deal.

The credit institution for the municipal sector and state subsidized housing is based in Helsinki.

Issuer:	Municipality Finance plc
Amount:	$1 billion
Description:	Notes
Maturity:	May 21, 2019
Bookrunners:	Barclays, Daiwa Capital Markets, Credit Suisse Securities, RBC Capital Markets LLC
Coupon:	1.75%
Price:	99.61
Spread:	Mid-swaps plus 14 bps, or Treasuries plus 23.5 bps
Trade date:	May 14
Settlement date:	May 21
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
Price talk:	Mid-swaps plus 16 bps area
Distribution:	Rule 144A, Regulation S

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