Municipality Finance Plc (MuniFin) has removed €67 million in outstanding debt from trading after exercising its right to redeem the notes in full, according to a filing with Nasdaq Helsinki.
The Finnish municipal lender confirmed the redemption of the bonds, identified by ISIN XS2670326375, ahead of the final trading session. Nasdaq Helsinki approved the delisting application, with the notes ceasing to trade on Monday. MuniFin did not disclose the redemption price or yield at the time of the announcement.
The move follows the company’s August 4 notice that it would exercise the call option, which allows issuers to repurchase debt prior to maturity. MuniFin, one of Finland’s largest credit institutions, operates under a public-sector mandate, providing financing to municipalities, wellbeing services counties, and social housing providers. Its balance sheet stood at more than €57 billion as of its most recent reporting.
Owned by Finnish municipalities, the State of Finland, and the public sector pension fund Keva, MuniFin is a frequent issuer in international capital markets. The lender pioneered Finland’s green and social bond market and benefits from a guarantee by the Municipal Guarantee Board, which enhances its credit profile.
