By Mary-Katherine Stinson
Lexington, Ky., Feb. 21 – Municipality Finance plc (MuniFin) sold €1 billion of 3% green bonds due 2028 (Aa1/AA+) at 99.864, according to a notice and a final term sheet.
The Regulation S global notes are non-callable.
Credit Agricole CIB, Danske Bank A/S, HSBC Continental Europe and NatWest Markets NV are the joint lead managers.
The proceeds will be used by the issuer in accordance with the Municipal Guarantee Board Act as amended. In addition, an amount equal to the proceeds of the issue of the notes will be used and earmarked in accordance with the issuer's green bond framework dated August 2022.
The notes are issued under MuniFin’s €45 billion program for the issuance of debt instruments.
The notes are expected to begin trading on the Helsinki Stock Exchange on Feb. 22.
MuniFin is a Helsinki, Finland-based credit institution that provides funding for the public sector in Finland.
| Issuer: | Municipality Finance plc
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| Guarantor: | Municipal Guarantee Board
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| Amount: | €1 billion
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| Issue: | Green notes
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| Maturity: | Sept. 25, 2028
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| Joint lead managers: | Credit Agricole CIB Paris, Danske Bank A/S Copenhagen, HSBC Continental Europe and NatWest Markets NV
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| Coupon: | 3%
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| Price: | 99.864
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| Call option: | Non-callable
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| Trade date: | Feb. 15
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| Settlement date: | Feb. 22
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| Distribution: | Regulation S
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| Ratings: | Moody’s: Aa1
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| S&P: AA+
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| ISIN: | XS2590268814
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