Chicago, Feb. 20 – Municipality Finance plc issued NOK 2 billion of 4% senior social bonds due 2029 (Aa1/AA+), according to a press release and a term sheet.
The bonds were initially discounted to 99.631.
The Municipal Guarantee Board will guarantee the issue.
DNB Bank ASA was the dealer.
The bonds will trade in Helsinki.
Proceeds will be used in accordance with the issuer’s social bond framework.
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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| Guarantor: | Municipal Guarantee Board
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| Amount: | NOK 2 billion
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| Issue: | Senior social bonds
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| Maturity: | Feb. 20, 2029
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| Dealer: | DNB Bank ASA
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| Coupon: | 4%
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| Price: | 99.631
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| Call features: | Non-callable
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| Trade date: | Feb. 13
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| Settlement date: | Feb. 20
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| Ratings: | Moody’s: Aa1
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| S&P: AA+
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| Distribution: | Regulation S
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| ISIN: | XS2769883955
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