Obbligazione Municipal Finance PLC 0% ( NO0010813884 ) in NOK

Municipal Finance PLC

100 NOK ⇌

Finlandia

NO0010813884 ( in NOK )

11/07/2023 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Municipality Finance PLC NO0010813884 in NOK 0%, scaduta

1 000 000 NOK

1 800 000 000 NOK

Municipality Finance PLC è una società di finanziamento municipale finlandese che fornisce finanziamenti a lungo termine a comuni e altre autorità pubbliche finlandesi.

The Obbligazione issued by Municipal Finance PLC ( Finland ) , in NOK, with the ISIN code NO0010813884, pays a coupon of 0% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 11/07/2023

FINAL TERMS

MIFID II product governance / Professional investors and ECPs only target market
Solely for the purposes of each manufacturer's 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 clients 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 clients 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 9 January 2018
MUNICIPALITY FINANCE PLC (Kuntarahoitus Oyj)
Issue of NOK 500,000,000 Floating Rate Notes due July 2023
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
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 2017 and the
supplemental Offering Circular dated 15 September 2017 (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:
016-18

(ii)
Tranche Number:
1

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(If fungible with an existing Series, Not Applicable
details of that Series, including the
date on which the Notes become
fungible).
3.
Specified Currency or Currencies:
Norwegian Kroner ("NOK")
4.
Aggregate Nominal Amount:

(i)
Series:
NOK 500,000,000

(ii)
Tranche:
NOK 500,000,000
5.
(i)
Issue Price:
107.889 per cent. of the Aggregate Nominal
Amount
6.
(i)
Specified Denominations:
NOK 1,000,000

(ii)
Calculation Amount:
NOK 1,000,000
7.
(i)
Issue Date:
11 January 2018

(ii)
Interest
Commencement 11 January 2018
Date:
8.
Maturity Date:
Interest Payment Date falling in or nearest to
July 2023
9.
Interest Basis:
3 month NIBOR + 1.50 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

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16.
Floating Rate Note Provisions
Applicable

(i)
Interest Period:
Not Applicable

(ii)
Specified Interest Payment Interest shall be payable quarterly in arrear on
Dates:
11 January, 11 April, 11 July and 11 October
in each year, commencing on 11 April 2018 up
to and including the Maturity Date, subject to
adjustment in accordance with the Business
Day Convention specified below in (iii).

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

(iv)
Business Centre(s):
Oslo and TARGET

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

(vi)
Party
responsible
for Danske Bank A/S shall be the Rate-Setting
calculating
the
Rate(s) Agent in respect of the Notes
Interest
and
Interest
Amount(s) (if not the Fiscal
Agent):

(vii) Screen Rate Determination:

Reference Rate:
3 month NIBOR

Interest Determination 12.00 noon on the second Oslo business day
Date(s):
before the relevant Interest Period

Relevant Screen Page: Reuters page "OIBOR"

(viii) ISDA Determination:
Not Applicable

(ix)
Linear Interpolation:
Not Applicable

(x)
Margin(s):
+ 1.50 per cent. per annum

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

(xii) Maximum Rate of Interest:
Not Applicable

(xiii) Day Count Fraction:
Actual/360

(iv)
Fall
back
provisions, If no Reference Rate appears on the Relevant
rounding
provisions, Screen Page on an Interest Determination
denominator and any other Date, the Rating-Setting Agent will request

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terms relating to the method appropriate quotations and will determine the
of calculating interest on arithmetic mean of the rates at which deposits
Floating Rate Notes, if in NOK are offered by four major banks in the
different from those set out in Oslo interbank market, selected by the Rate-
the Conditions:
Setting Agent, at approximately 12.00 noon
(Oslo time) on the Interest Determination Date
to prime banks in the Oslo interbank market
for a period of the duration of the relevant
Interest Period and in an amount that is
representative for a single transaction in the
Oslo interbank market at the relevant time.
If fewer than two rates are so quoted, the Rate-
Setting Agent will determine the arithmetic
mean of the rates quoted by four major banks
in the Oslo interbank market, selected by the
Rate-Setting Agent, at approximately 12.00
noon (Oslo time) on the first day of the
relevant Interest Period for loans in NOK to
leading Norwegian banks for a period of the
duration of the relevant Interest Period and in
an amount that is representative for a single
transaction in the Oslo interbank market at the
relevant time.
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):

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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
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):
32.
If non-syndicated, name and address Danske Bank A/S
of Dealer:
2-12 Holmens Kanal
DK-1092 Copenhagen K

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Denmark
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: ...........................................................
By: ...........................................................
Martin Svedholm
Hannu-Pekka Ylimommo

Legal Counsel
Manager, Funding

SIGNED on behalf of the Guarantor:

By:

Heikki Niemeläinen
CEO, Managing Director

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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 plc with effect from
11 January 2018.

2.
RATINGS

Ratings:
The Notes to be issued have been rated:

Moody's Investors Service Limited: Aa1

Standard & Poor's Credit Market Services Europe
Limited:
AA+

Each of Moody's Investors Service Limited and
Standard & Poor's Credit Market Services Europe
Limited 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
which would allow Eurosystem
the date of these Final Terms, should the
eligibility:
Eurosystem 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:
NO0010813884

Common Code:
175017844

CUSIP No:
Not Applicable

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Any clearing system(s) other
Verdipapirsentralen, Norway. VPS identification
than Euroclear, Clearstream,
number: NO0010813884. The Issuer shall be
Lxeumbourg and DTC and the
entitled to obtain information from the register
relevant identification number(s): maintained by the VPS for the purposes of
performing its obligations under the issue of VPS
Notes.

Delivery:
Delivery against payment

Names and addresses of
Danske Bank A/S
additional Paying Agent(s) (if
any):
2-12 Holmens Kanal
DK-1092 Copenhagen K
Denmark

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