Municipality Finance Launches EUR 50 Million Zero Coupon Notes

On July 14, 2026, Municipality Finance Plc (MuniFin) will issue EUR 50 million in zero coupon notes. These notes, under MuniFin's EUR 50 billion medium-term note program, will mature on July 14, 2056. MuniFin retains the option to redeem these notes early on July 14, 2036. The notes are set to trade on the Helsinki Stock Exchange, operated by Nasdaq Helsinki, starting July 14, 2026. Morgan Stanley & Co. International plc is the dealer for this issuance.

MuniFin, one of Finland's largest credit institutions, is owned by Finnish municipalities, the public sector pension fund Keva, and the State of Finland. MuniFin's balance sheet exceeds EUR 55 billion. The company focuses on financing environmentally and socially responsible projects such as public transportation and sustainable buildings. MuniFin operates globally, actively issuing bonds in international markets, and pioneered green and social bonds in Finland. All funding is guaranteed by the Municipal Guarantee Board.