By Rebecca Melvin
New York, Sept. 8 – Municipality Finance plc priced a €500 million social bond due 2035 with a fixed coupon of 0.05%, according to a news release on Tuesday.
The bond represents the company’s debut green issue under its €40 billion medium-term note program.
BNP Paribas, Credit Agricole CIB, DZ Bank and SEB were the joint lead managers of the deal, which is to be listed for trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki.
Settlement is expected to occur on Sept. 10.
Municipality Finance is a Helsinki, Finland-based credit institution that provides funding for the public sector in Finland.
| Issuer: | Municipality Finance plc
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| Amount: | €500 million
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| Description: | Social bond
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| Maturity: | Sept. 10, 2035
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| Bookrunners: | BNP Paribas, Credit Agricole CIB, DZ Bank and SEB C
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| Coupon: | 0.05%
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| Announcement date: | Sept. 8
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| Settlement date: | Sept. 10
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