HELSINKI – Municipality Finance Plc, a prominent Finnish credit institution, has announced its decision to redeem €10 million worth of notes earlier than scheduled. The notes, identified by the ISIN XS2581756629, will be redeemed in full on January 31, 2025.
The early redemption affects securities that are currently traded on the Helsinki Stock Exchange, operated by Nasdaq Helsinki. Municipality Finance, also known as MuniFin, has initiated the process to delist these notes from the exchange.
This move by MuniFin, an organization owned by Finnish municipalities, the public sector pension fund Keva, and the Republic of Finland, is part of their management of financial instruments under the company’s Medium Term Note (MTN) program. MuniFin’s balance sheet is substantial, exceeding €50 billion, and it stands as one of the largest bond issuers in Finland, including being the first to issue green and social bonds in the…
