By Cristal Cody
Tupelo, Miss., Oct. 30 – Municipality Finance plc priced a $75 million add-on to its senior floating-rate notes due Oct. 26, 2020 (Aa1/AA+) on Tuesday at 100.075, according to a final terms sheet.
The agency first sold $500 million of the notes on Oct. 18 with a coupon of Libor plus 1 basis point. The total outstanding is now $575 million.
The bonds are guaranteed by the Municipal Guarantee Board under a €30 million debt issuance program.
The issuer plans to apply for the new notes to be admitted for trading on the London Stock Exchange. The original notes were admitted for listing.
Municipality Finance is a Helsinki, Finland-based credit institution that provides funding for the public sector in Finland.
| Issuer: | Municipality Finance plc
|
| Guarantor: | Municipal Guarantee Board
|
| Amount: | $75 million reopening
|
| Description: | Series 201-18 senior floating-rate notes
|
| Maturity: | Oct. 26, 2020
|
| Coupon: | Libor plus 1 bp
|
| Price: | 100.075
|
| Trade date: | Oct. 30
|
| Settlement date: | Nov. 1
|
| Ratings: | Moody’s: Aa1
|
| S&P: AA+
|
| Distribution: | Rule 144A, Regulation S
|
| Total outstanding: | $575 million, including $500 million of notes priced Oct. 18 at Libor plus 1 bp
|
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