Bond Kuntaraha Oyj 1.5% ( XS1579297638 ) in EUR

Issuer Kuntaraha Oyj
Market price 100 %  ⇌ 
Country  Finland
ISIN code  XS1579297638 ( in EUR )
Interest rate 1.5% per year ( payment 1 time a year)
Maturity 24/03/2027 - Bond has expired



Prospectus brochure of the bond Kuntarahoitus Oyj XS1579297638 in EUR 1.5%, expired


Minimal amount /
Total amount /
Detailed description Kuntarahoitus Oyj is a Finnish state-owned limited liability company providing financing services to Finnish municipalities and other public sector entities.

Kuntarahoitus Oyj's EUR-denominated bond (ISIN: XS1579297638), a 1.5% fixed-rate instrument maturing on March 24, 2027, with annual coupon payments, has reached maturity and been redeemed at 100% of face value.







Final Terms dated 21 March 2017

MUNICIPALITY FINANCE PLC (Kuntarahoitus Oyj)
Issue of EUR 50,000,000 Collared Floating Rate Notes due 24 March 2027
Guaranteed by
THE MUNICIPAL GUARANTEE BOARD (Kuntien takauskeskus)
under the 25,000,000,000
Programme for the Issuance of Debt Instruments
PART A ­ CONTRACTUAL TERMS
This document constitutes the final terms relating to the issue of Notes described herein.
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 and the
supplemental Offering Circular dated 19 September 2016 (the "Offering Circular"). These
Final Terms contain the final terms of the Notes and must be read in conjunction with such
Offering Circular as so supplemented.
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:
55/2017

(ii)
Tranche Number:
1
3.
Specified Currency or Currencies:
Euro ("EUR")
4.
Aggregate Nominal Amount:


(i)
Series:
EUR 50,000,000

(ii)
Tranche:
Not Applicable
5.
(i)
Issue Price:
100.00 per cent. of the Aggregate Nominal
Amount
6.
(i)
Specified Denominations:
EUR 100,000

(ii)
Calculation Amount:
EUR 100,000
7.
(i)
Issue Date:
24 March 2017
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(ii)
Interest
Commencement Issue Date
Date:
8.
Maturity Date:
24 March 2027
9.
Interest Basis:
3-month-EURIBOR 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:
Not Applicable

(ii)
Specified Interest Payment Quarterly in arrears, on every 24 March, 24
Dates:
June, 24 September and 24 December in each
year, commencing from (and including) 24
June 2017 up to (and including) the Maturity
Date.

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

(iv)
Business Centre(s):
TARGET

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

(vi)
Party
responsible
for Not Applicable
calculating
the
Rate(s)
Interest
and
Interest
Amount(s) (if not the Fiscal
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Agent):

(vii) Screen Rate Determination:



Reference Rate:
3-month-EURIBOR


Interest Determination Second Business Day prior to commencement
Date(s):
of each Interes Period


Relevant Screen Page: Reuters EURIB0R01

(viii) ISDA Determination:
Not Applicable


Floating Rate Option:


Designated Maturity:



Reset Date:


(ix)
Linear Interpolation:
Not Applicable

(x)
Margin(s):
Not Applicable

(xi)
Minimum Rate of Interest:
0.20 per cent. per annum

(xii) Maximum Rate of Interest:
1.50 per cent. per annum

(xiii) Day Count Fraction:
Act/360

(iv)
Fall
back
provisions, Not Applicable
rounding
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

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22.
Final Redemption Amount of each EUR 100,000 per Calculation Amount
Note

In
cases
where
the
Final Not Applicable
Redemption Amount is Index-
Linked or other variable-linked:

(i)
Index/Formula/variable:


(ii)
Calculation
Agent
responsible for calculating
the
Final
Redemption
Amount:

(iii) Provisions for determining
Final Redemption Amount
where
calculated
by
reference to Index and/or
Formula
and/or
other
variable:

(iv)
Date for determining Final
Redemption Amount where
calculated by reference to
Index and/or Formula and/or
other variable:

(v)
Provisions for determining
Final Redemption Amount
where
calculation
by
reference to Index and/or
Formula
and/or
other
variable is impossible or
impracticable or otherwise
disrupted:

(vi)
Payment Date:


(vii) Minimum Final Redemption EUR 100,000 per Calculation Amount
Amount:

(viii) Maximum Final Redemption EUR 100,000 per Calculation Amount
Amount:
23.
Early Redemption Amount


Early Redemption Amount(s) per As set out in the Conditions
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
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if different from that set out in the
Conditions):
GENERAL PROVISIONS APPLICABLE TO THE NOTES
24.
Form of Notes:
Bearer Notes:


Temporary Global Note exchangeable for a
Permanent Global Note which is exchangeable
for Definitive Notes on in the limited
circumstances specified in the Permanent
Global Note.
25.
New Global Note:
Yes
26.
Business Centre(s) or other special TARGET
provisions relating to Payment
Dates:
27.
Talons for future Coupons or No
Receipts 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):
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32.
If non-syndicated, name and address DZ BANK AG
of Dealer:
Deutsche
Zentral-Genossenschaftsbank,
Frankfurt am Main
Platz der Republik
60265 Frankfurt am Main
Federal Republic of Germany

33.
TEFRA:
The D Rules are 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 25,000,000,000 Programme for the Issuance of Debt Instruments of
Municipality Finance Plc (Kuntarahoitus Oyj) guaranteed by The Municipal Guarantee Board
(Kuntien takauskeskus).

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

By: .............................................................. By: ..............................................




SIGNED on behalf of the Guarantor:

By: ..............................................................


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PART B ­ OTHER INFORMATION
1.
LISTING

(i)
Listing:
London

(ii)
Admission to trading:
Application has been made for the Notes to be
admitted to trading on the regulated market of
the London Stock Exchange with effect from
the Issue Date.
2.
RATINGS

Ratings:
The Notes to be issued have been rated:


Moody's:
Aa1 (stable)


Standard & Poor's: AA+
3.
OPERATIONAL INFORMATION


Intended to be held in a manner
Yes. Note that the designation "yes" simply
which would allow Eurosystem
means that the Notes are intended upon issue
eligibility:
to be deposited with one of the ICSDs as
common safekeeper and does not necessarily
mean that the Notes will be recognized as
eligible collateral for Eurosystem monetary
policy and intra day credit operations by the
Eurosystem either upon issue or at any or all
times during their life. Such recognition will
depend upon the ECB being satisfied that
Eurosystem eligibility criteria have been met.

ISIN Code:
XS1579297638

Common Code:
157929763

CUSIP No:
Not Applicable

Any clearing system(s) other than
Not Applicable
Euroclear Bank SA/NV, Clearstream
Banking societe anonyme and DTC
and the relevant identification
number(s):

Delivery:
Delivery against payment
4.
ESTIMATED NET PROCEEDS


Estimated net proceeds:
EUR 49,538,000

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