Bond Municipal Finance PLC 3.04% ( NO0010790405 ) in NOK

Municipal Finance PLC

100 % ⇌

Finland

NO0010790405 ( in NOK )

3.04% per year ( payment 4 times a year)

03/04/2022 - Bond has expired

Prospectus brochure of the bond Municipality Finance PLC NO0010790405 in NOK 3.04%, expired

1 000 000 NOK

5 250 000 000 NOK

Municipality Finance PLC is a Finnish state-owned financial institution providing financing to Finnish municipalities and other public-sector entities.

The Bond issued by Municipal Finance PLC ( Finland ) , in NOK, with the ISIN code NO0010790405, pays a coupon of 3.04% per year.
The coupons are paid 4 times per year and the Bond maturity is 03/04/2022

MIFID II product governance / Professional investors and ECPs only target market Solely
for the purposes of each manufacturers' product approval process, the target market assessment in
respect of the Notes has led to the conclusion that: (i) the target market for the Notes is eligible
counterparties and professional investors only, each as defined in Directive 2014/65/EU (as amended,
"MiFID II") and (ii) all channels for distribution of the Notes to eligible counterparties and
professional investors are appropriate. Any person subsequently offering, selling or recommending
the Notes (a "distributor") should take into consideration the manufacturers' target market assessment;
however, a distributor subject to MiFID II is responsible for undertaking its own target market
assessment in respect of the Notes (by either adopting or refining the manufacturers' target market
assessment) and determining appropriate distribution channels
Final Terms dated 24 January 2019
MUNICIPALITY FINANCE PLC (Kuntarahoitus Oyj)
Issue of NOK 500,000,000 Floating Rate Notes due April 2022
(to become immediately fungible and form a single series with the existing NOK 500,000,000 Floating Rate
Notes due April 2022, issued 4 April 2017 and NOK 1,000,000,000 Floating Rate Notes due April 2022,
issued on 17 January 2019 and NOK 250,000,000 Floating Rate Notes due April 2022, issued on 17 January
2019)
Guaranteed by
THE MUNICIPAL GUARANTEE BOARD (Kuntien takauskeskus)
under the 30,000,000,000
Programme for the Issuance of Debt Instruments
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the
"Conditions") set forth in the offering circular dated 11 May 2016. These Final Terms contain the
final terms of the Notes and must be read in conjunction with such offering circular dated
11 May 2018 and the supplemental offering circulars dated 14 September 2018 and 4 December
2018, save in respect of the Conditions which are extracted from the offering circular dated 11 May
2016 and are attached hereto.
These Final Terms are available for viewing at www.rns-pdf.londonstockexchange.com.
1.
(i)
Issuer:
Municipality Finance Plc (Kuntarahoitus Oyj)

(ii)
Guarantor:
The Municipal Guarantee Board (Kuntien
takauskeskus)
2.
(i)
Series Number:
76/2017

(ii)
Tranche Number:
4

(If fungible with an existing Series, The Notes will become immediately fungible and
details of that Series, including the form a single series with the existing NOK
500,000,000 Floating Rate Notes due April 2022,

date on which the Notes become issued 4 April 2017 (the "Tranche 1 Notes") and the
fungible).
NOK 1,000,000,000 Floating Rate Notes due April
2022, issued 17 January 2019 (the "Tranche 2
Notes") and the NOK 250,000,000 Floating Rate
Notes due April 2022, issued 17 January 2019 (the
"Tranche 3 Notes") on the Issue Date.

3.
Specified Currency or Currencies:
Norwegian Kroner ("NOK")

4.
Aggregate Nominal Amount:

(i)
Series:
NOK 2,250,000,000

(ii)
Tranche:
NOK 500,000,000
5.
(i)
Issue Price:
104.14 per cent. of the Aggregate Nominal
Amount plus accrued interest from 4 January
2019
6.
(i)
Specified Denominations:
NOK 1,000,000

(ii)
Calculation Amount:
NOK 1,000,000
7.
(i)
Issue Date:
28 January 2019

(ii)
Interest Commencement Date: 4 January 2019
8.
Maturity Date:
Interest Payment Date falling in or nearest to April
2022
9.
Interest Basis:
3 months NIBOR +1.25 per cent. Floating Rate

(further particulars specified below)
10.
Redemption/Payment Basis:
Redemption at par
11.
Change
of
Interest
or Not Applicable
Redemption/Payment Basis:
12.
Put/Call Options:
Not Applicable
13.
(i)
Status of the Notes:
Senior

(ii)
Status of the Guarantee:
Senior

(iii) Date Board approval for Not Applicable
issuance
of
Notes
and
Guarantee obtained:

14.
Method of distribution:
Non-syndicated

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15.
Fixed Rate Note Provisions
Not Applicable
16.
Floating Rate Note Provisions
Applicable

(i)
Interest Period:
The period beginning on (and including) the Issue
Date and ending on (but excluding) the first Specified
Interest Payment Date and each subsequent period
beginning on (and including) a Specified Interest
Payment Date and ending on (but excluding) the next
following Specified Interest Payment Date is herein
called an "Interest Period" for the purpose of this item
16

(ii)
Specified Interest Payment Interest will be payable quarterly in arrears on 4
Dates:
January, 4 April, 4 July and 4 October in each year
commencing on 4 April 2019 and ending on the
Maturity Date (each called a "Specified Interest
Payment Date" for the purpose of this item 16), subject
to adjustment for payment purposes only in
accordance with the Business Day Convention
specified below.

(iii)
Business Day Convention:
Modified Following Business Day Convention

(iv)
Business Centre(s):
Oslo, TARGET, London

(v)
Manner in which the Rate(s) of ISDA Determination
Interest is/are to be determined:

(vi)
Party
responsible
for Skandinaviska Enskilda Banken AB (publ), Oslo
calculating the Rate(s) Interest Branch, Attn.: Investor Services, Filipstad brygge 1,
and Interest Amount(s) (if not P.O. Box 1843 Vika, NO-0123 Oslo, Norway will be
the Fiscal Agent):
Rate-Setting Agent in respect of the Notes.

(vii) Screen Rate Determination:
Not Applicable

(viii) ISDA Determination:

Floating Rate Option:
NOK-NIBOR-NIBR

Designated Maturity:
3 months

Reset Date:
12.00 a.m. Oslo time on the second Oslo Banking Day
prior to the beginning of each Interest Period

(ix)
Linear Interpolation:
Not Applicable

(x)
Margin(s):
+1.25 per cent. per annum

(xi)
Minimum Rate of Interest:
Not Applicable

(xii) Maximum Rate of Interest:
Not Applicable

(xiii) Day Count Fraction:
Actual/360

(iv)
Fall back provisions, rounding Not Applicable
provisions, denominator and
any other terms relating to the
method of calculating interest
on Floating Rate Notes, if
different from those set out in
the Conditions:
17.
Zero Coupon Note Provisions
Not Applicable
18.
Index-Linked
Interest
Note Not Applicable
Provisions
19.
Dual Currency Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
20.
. Call Option
Not Applicable
21.
Put Option
Not Applicable
22.
Final Redemption Amount of each NOK 1,000,000 per Calculation Amount
Note
23.
Early Redemption Amount

Early Redemption Amount(s) per Not applicable
Calculation Amount payable on
redemption for taxation reasons or on
event of default or other early
redemption and/or the method of
calculating the same (if required or if
different from that set out in the
Conditions):
GENERAL PROVISIONS APPLICABLE TO THE NOTES
24.
Form of Notes:
VPS Notes:

VPS Notes issued in uncertificated book entry
form
25.
New Global Note:
No
26.
Business Centre(s) or other special Oslo, TARGET and London
provisions relating to Payment Dates:
27.
Talons for future Coupons or Receipts No
to be attached to Definitive Notes (and
dates on which such Talons mature):
28.
Details relating to Partly Paid Notes: Not Applicable
amount of each payment comprising
the Issue Price and date on which each
payment is to be made and
consequences (if any) of failure to pay,
including any right of the Issuer to
forfeit the Notes and interest due on
late payment:
29.
Details relating to Instalment Notes: Not Applicable
amount of each instalment, date on
which each payment is to be made:
30.
Other terms or special conditions:
Not Applicable
DISTRIBUTION
31.
(i)
If syndicated, names and Not Applicable
address of Managers and
underwriting commitments:

(ii)
Date
of
Subscription Not Applicable
Agreement:

(iii)
Stabilising Manager(s) (if Not Applicable
any):
32.
If non-syndicated, name and address of DNB Bank ASA
Dealer:
Dronning Eufemias gt 30
N-0021 Oslo
Norway

33.
TEFRA:
Not Applicable
34.
Additional selling restrictions:
Not Applicable

PURPOSE OF FINAL TERMS
These Final Terms comprise the final terms required for the issue and admission to trading on the
Regulated Market of the London Stock Exchange plc of the Notes described herein pursuant to the
30,000,000,000 Programme for the Issuance of Debt Instruments of Municipality Finance Plc
(Kuntarahoitus Oyj) guaranteed by The Municipal Guarantee Board (Kuntien takauskeskus).

RESPONSIBILITY
The Issuer and the Guarantor accept responsibility for the information contained in these Final Terms.
SIGNED on behalf of the Issuer:

By: ...............................................................
Duly authorised
Martin Svedholm
Manager, Funding
By: ...............................................................
Duly authorised
Hannu-Pekka Ylimommo
Legal Counsel

SIGNED on behalf of the Guarantor:

By: ...............................................................
Duly authorised
Tuukka Salminen
Deputy Managing Director

PART B OTHER INFORMATION
1.
LISTING

(i)
Listing:
London Stock Exchange

(ii)

Admission
Application is expected to be made by the Issuer (or on its
to trading:
behalf) for the Notes to be admitted to trading on
Regulated Market of the London Stock Exchange with
effect from the Issue Date.
The Tranche 1 Notes were admitted to trading on the
Regulated Market of the London Stock Exchange with
effect from on or about 4 April 2017.

The Tranche 2 Notes and the Tranche 3 Notes were
admitted to trading on the Regulated Market of the
London Stock Exchange with effect from on or about
17 January 2019.

The Tranche 4 Notes are expected to be admitted to
trading on the Regulated Market of the London Stock
Exchange with effect from on or about 28 January 2019.
2.
RATINGS

Ratings:
The Notes to be issued are expected to be rated:

Moody's:
Aa1

Standard & Poor's: AA+

Each of Moody's and Standard & Poor's is established in
the EEA and registered under Regulation (EU) No
1060/2009, as amended.

3.
OPERATIONAL INFORMATION

Intended to be held in a manner
No. Whilst the designation is specified as "no" at the
which would allow Eurosystem
date of these Final Terms, should the Eurosystem
eligibility:
eligibility criteria be amended in the future such that
the Notes are capable of meeting them the Notes may
then be deposited with one of the ICSDs as common
safekeeper. Note that this does not necessarily mean
that the Notes will then be recognised as eligible
collateral for Eurosystem monetary policy and intra
day credit operations by the Eurosystem at any time
during their life. Such recognition will depend upon

the ECB being satisfied that Eurosystem eligibility
criteria have been met.

ISIN Code:
NO0010790405

Common Code:
Not Applicable

FISN:
MUNICIPALITY FI/VAR BD SHS IDX

CFI:
DBVUFR

Any clearing system(s) other than
Verdipapirsentralen, Norway. VPS identification number:
Euroclear, Clearstream,
985 140 421 The Issuer shall be entitled to obtain
Lxeumbourg and DTC and the
information from the register maintained by the VPS for
relevant identification number(s):
the purposes of performing its obligations under the issue
of VPS Notes

Delivery:
Delivery against payment

Names and addresses of additional Not Applicable
Paying Agent(s) (if any):

Document Outline

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