Finland's MuniFin Takes a Giant Leap in Global Finance
MuniFin, a major player in Finland's credit scene, has just made a significant move. They issued a USD 500 million benchmark under their MTN program. This is not just any ordinary issue:
- Maturity Date: 4 February 2030
- Interest Rate: Floating, based on Compounded SOFR plus 100 basis points per year
Part of a Larger Program
This benchmark is part of MuniFin's EUR 50 billion program for debt instruments. For more details, you can find the offering circular, supplemental offering circular, and final terms on their website. The goal is to get this benchmark listed on the Helsinki Stock Exchange, with trading expected to start on 21 January 2026.
Powerhouse Lineup
Big names are involved in this issue:
- Bank of Montreal Europe Plc
- Citigroup Global Markets Europe AG
- RBC Capital Markets
These entities are acting as Joint Lead Managers.
About MuniFin
MuniFin is one of Finland's largest credit institutions, with a balance sheet over EUR 55 billion. Their customers are mostly municipalities and other public sector entities. They focus on lending for socially and environmentally responsible projects, such as:
- Public transportation
- Sustainable buildings
- Hospitals
- Schools
- Homes for people with special needs
Global Reach
Despite their domestic customer base, MuniFin operates on a global scale. They are active in international capital markets and were the first Finnish green and social bond issuer. All their funding is backed by the Municipal Guarantee Board.
Important Notice
This information is not for everyone. It is not meant to be released or distributed in any country or jurisdiction where it would be unlawful. It is not an offer to sell or a solicitation to buy securities in the United States. The notes are not registered under the U.S. Securities Act and cannot be offered or sold within the U.S. without proper exemptions.