By Jennifer Chiou
New York, June 17 – Finland's Municipality Finance plc priced 110.8 billion Chilean pesos of 3.75% notes due 2017 (Aaa/AAA/) at 99.6955, according to a term sheet.
Interest is payable annually on Dec. 20, and the notes are payable in dollars.
The tranche 1 notes were sold under the company’s €25 billion debt issuance program.
J.P. Morgan Securities plc was the bookrunner for Regulation S deal.
The credit institution for the municipal sector and state subsidized housing is based in Helsinki.
| Issuer: | Municipality Finance plc
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| Amount: | 110.8 billion Chilean pesos
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| Description: | Notes
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| Maturity: | Dec. 20, 2017
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| Bookrunner: | J.P. Morgan Securities plc
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| Coupon: | 3.75%, payable annually
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| Price: | 99.6955
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| Trade date: | June 17
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| Settlement date: | June 19
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| Ratings: | Moody's: Aaa
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| Standard & Poor's: AAA
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