Municipality Finance talks $1 billion three-year notes at mid-swaps plus 9 bps area

By Cristal Cody

Tupelo, Miss., July 11 – Municipality Finance plc (Aa1/AA+) plans to price $1 billion of notes due Sept. 18, 2020 in a Rule 144A and Regulation S offering on Tuesday, according to a market source.

The notes were talked to price in the mid-swaps plus 9 basis points area.

Daiwa Capital Markets America Inc., Deutsche Bank Securities Inc., Nomura Securities International, Inc. and TD Securities (USA) LLC are the lead managers.

The Helsinki, Finland-based credit institution provides funding for the public sector in Finland.

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