Obbligazione Municipal Finance PLC 0% ( NO0010843030 ) in NOK

Municipal Finance PLC

100 NOK ⇌

Finlandia

NO0010843030 ( in NOK )

13/02/2023 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Municipality Finance PLC NO0010843030 in NOK 0%, scaduta

1 000 000 NOK

500 000 000 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 NO0010843030, pays a coupon of 0% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 13/02/2023

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 7 February 2019
MUNICIPALITY FINANCE PLC (Kuntarahoitus Oyj)
Issue of NOK 500,000,000 Floating Rate Notes due February 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 2018 and the supplemental Offering Circulars dated
14 September 2018 and 4 December 2018 (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:
30/2019

(ii)
Tranche Number:
1

(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:
105.921 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:
12 February 2019

(ii)
Interest Commencement Date:
Issue Date
8.
Maturity Date:
Interest Payment Date falling in or nearest to February
2023
9.
Interest Basis:
3 months 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
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 13
Dates:
February, 13 May, 13 August and 13 November in
each year commencing on 13 May 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 Screen Rate Determination
Interest is/are to be determined:

(vi)
Party
responsible
for Nordea Bank Abp
calculating the Rate(s) Interest
and Interest Amount(s) (if not
the Fiscal Agent):

(vii) Screen Rate Determination:
Applicable

·
Reference Rate:
3-month NIBOR

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

·
Relevant Screen Page:
Reuters page "OIBOR"

(viii) ISDA Determination:
Not Applicable

(ix)
Linear Interpolation:
Applicable the Rate of Interest for the long first
Interest Period shall be calculated using Linear
Interpolation.

(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, 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 Nordea Bank Abp
Dealer:
Satamaradankatu 5
00020 NORDEA
Helsinki
Finland

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

SIGNED on behalf of the Guarantor:

By: ...............................................................
Heikki Niemeläinen
Duly authorised
CEO, Managing Director

PART B OTHER INFORMATION
1.
LISTING

(i)
Listing:
London Stock Exchange

(ii)
Admission to trading:
Application is expected to be made by the Issuer (or on its
behalf) for the Notes to be admitted to trading on
Regulated Market of the London Stock Exchange with
effect from the Issue Date.
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:
NO0010843030

Common Code:
Not Applicable

FISN:
MUNICIPALITY FI/VAR BD 20230213

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
information from the register maintained by the VPS for

Lxeumbourg and DTC and the
the purposes of performing its obligations under the issue
relevant identification number(s):
of VPS Notes

Delivery:
Delivery against payment

Names and addresses of additional Nordea Bank Abp, filial i Norge
Paying Agent(s) (if any):