Published on 9/2/2015 in the Prospect News Investment Grade Daily.
New Issue: MuniFin sells $1 billion 1.25% three-year notes to yield mid-swaps plus 17 bps
By Aleesia Forni
Virginia Beach, Sept. 2 – Finland’s Municipality Finance plc priced $1 billion of 1.25% three-year notes (Aaa/AA+) on Wednesday at mid-swaps plus 17 basis points, an informed source said.
The notes were guided in the mid-teens area over mid-swaps.
BNP Paribas, Citigroup Global Markets Inc., Daiwa and Nomura are 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: | Sept. 10, 2018
|
| Bookrunners: | BNP Paribas, Citigroup Global Markets Inc., Daiwa, Nomura
|
| Coupon: | 1.25%
|
| Spread: | Mid-swaps plus 17 bps
|
| Trade date: | Sept. 2
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AA+
|
| Distribution: | Rule 144A and Regulation S
|
| Price guidance: | Mid-swaps plus mid-teens area
|
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