By Marisa Wong
Los Angeles, July 14 – Municipality Finance plc (MuniFin) issued $40 million of additional floating-rate notes due July 15, 2026 (Aa1/AA+), according to a news release.
The notes bear interest at compounded SOFR plus 100 basis points and priced at 102.55.
J.P. Morgan SE acted as dealer.
The new notes are an add-on to the series issued on July 15, 2021, bringing the aggregate nominal amount to $410 million, all issued under MuniFin’s €40 billion debt instrument program.
The company has applied for the latest tranche to be admitted to trading on the Helsinki Stock Exchange. Public trading is expected to begin on July 15.
MuniFin is a Helsinki, Finland-based credit institution that provides funding for the public sector in Finland.
| Issuer: | Municipality Finance plc
|
| Amount: | $40 million
|
| Description: | Floating-rate notes, add-on
|
| Maturity: | July 15, 2026
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| Dealer: | J.P. Morgan SE
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| Coupon: | Compounded SOFR plus 100 bps
|
| Price: | 102.55
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| Pricing date: | July 5
|
| Settlement date: | July 15
|
| Ratings: | Moody’s: Aa1
|
| S&P: AA+
|
| Listing: | Helsinki
|
| Total issuance: | $410 million
|
| ISIN: | XS2362696630
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