Municipality Finance to redeem €350 million perpetuals on April 1

By Mary-Katherine Stinson

Lexington, Ky., Feb. 24 – Municipality Finance plc will redeem all outstanding €350 million of its perpetual fixed-rate resettable additional tier 1 securities on April 1, according to a notice.

The securities will be redeemed at par with accrued interest to the redemption date.

Originally issued on Oct. 1, 2015, the securities are listed on Euronext Dublin.

The company stated that after the redemption its capital adequacy ratios and leverage ratio will remain well above minimum requirements.

Municipality Finance is a Helsinki, Finland-based credit institution that provides funding for the public sector in Finland.

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