Municipality Finance Plc amends the terms and conditions of medium term notes
Municipality Finance Plc
Stock exchange release
26 February 2021 at 10:30 am (EET)Municipality Finance Plc amends the terms and conditions of medium term notesMunicipality Finance Plc amends the terms and conditions pertaining to interest payments of USD 10 million medium term notes issued on 18 July 2019 (ISIN: XS2027954127). With the amendments, the notes bear interest at fixed rate of 2.27 per cent. per annum for all interest periods from the interest period beginning in July 2021. Prior to the amendments, the interest for these interest periods was determined with reference to USD Constant Maturity Swap (CMS) rates. The amendment is intended to remove dependence to LIBOR rates which are expected to be discontinued in the coming years. USD CMS rates are determined with reference to LIBOR rates. In other respects, the terms and conditions of the notes remain unchanged. Holders of the notes have approved the amendments and they take effect on 26 February 2021.The notes have been admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki.MUNICIPALITY FINANCE PLCFurther information:Joakim Holmström
Executive Vice President, Capital Markets and Sustainability
tel. +358 9 6803 5674MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions: the company’s balance sheet totals EUR 44 billion. The company is owned by Finnish municipalities, the public sector pension fund Keva and the Republic of Finland.MuniFin’s mission is to build a better future in line with the principles of responsibility and in cooperation with its customers. MuniFin’s customers are Finnish municipalities, municipal federations, municipally controlled entities and non-profit housing organisations. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.MuniFin’s customers are domestic but the company operates in a completely global business environment. It is the most active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.The Municipality Finance Group also includes the subsidiary company, Financial Advisory Services Inspira Ltd.
Read more: www.munifin.fi Important InformationThe information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.