By Mary-Katherine Stinson
Lexington, Ky., Feb. 2 – Municipality Finance plc (MuniFin) sold $300 million of 5% notes due Feb. 3, 2024 (Aa1/AA+) at par, according to a notice and a final term sheet.
The notes are guaranteed by Municipal Guarantee Board.
The non-syndicated Regulation S global notes are non-callable.
Deutsche Bank AG is the dealer.
The notes are expected to begin trading on the Helsinki Stock Exchange on Feb. 3.
The notes are issued under MuniFin’s €45 billion program for the issuance of debt instruments.
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: | $300 million
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| Issue: | Senior notes
|
| Maturity: | Feb. 3, 2024
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| Dealer: | Deutsche Bank AG
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| Coupon: | 5%
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| Price: | Par
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| Yield: | 5%
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| Call option: | Non-callable
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| Pricing date: | Feb. 1
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| Settlement date: | Feb. 3
|
| Ratings: | Moody’s: Aa1
|
| S&P: AA+
|
| Distribution: | Regulation S
|
| ISIN: | XS2583350231
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