Obligation Municipal Finance PLC 1.742% ( NO0010748320 ) en NOK

Municipal Finance PLC

100 % ⇌

Finlande

NO0010748320 ( en NOK )

1.742% par an ( paiement annuel )

26/10/2022 - Obligation échue

Prospectus brochure de l'obligation Municipality Finance PLC NO0010748320 en NOK 1.742%, échue

1 000 000 NOK

1 250 000 000 NOK

Municipality Finance PLC est une société financière publique finlandaise qui fournit des services de financement à long terme aux municipalités et autres entités publiques finlandaises.

L'obligation identifiée par le code ISIN NO0010748320, émise par Municipality Finance PLC, une institution financière finlandaise de premier plan spécialisée dans le financement du secteur public et du logement en Finlande, et dont la propriété est principalement détenue par des entités publiques locales ainsi que l'État finlandais, représentait une émission significative en Couronnes norvégiennes (NOK) totalisant 1 250 000 000 NOK. Originaire de Finlande, cette émission structurée offrait un taux d'intérêt annuel de 1,742% et était caractérisée par une taille minimale d'achat de 1 000 000 NOK, ciblant ainsi des investisseurs de plus grande envergure. Ayant atteint sa date de maturité le 26 octobre 2022, cette obligation a été intégralement remboursée, comme en atteste son prix sur le marché de 100% de sa valeur nominale au moment de l'échéance, confirmant ainsi la conclusion réussie de cette opération financière.

FINAL TERMS
Final Terms dated 19 June 2019
MIFID II product governance / Professional investors and eligible counterparties 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.

MUNICIPALITY FINANCE PLC (Kuntarahoitus Oyj)
Issue of NOK 250,000,000 1.742 per cent. Notes due 26 October 2022 (to become
immediately fungible and form a single series with the existing NOK 300,000,000 1.742 per
cent. Notes due 26 October 2022 issued on 26 October 2015 and the NOK 700,000,000 1.742
per cent. Notes due 26 October 2022 issued on 26 January 2017)
Guaranteed by
THE MUNICIPAL GUARANTEE BOARD (Kuntien takauskeskus)
under the 35,000,000,000
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 6 May 2015. These Final Terms
contain the final terms of the Notes and must be read in conjunction with such Offering
Circular dated 13 May 2019, save in respect of the Conditions which are extracted from the
Offering Circular dated 6 May 2015.
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:
254/2015

(ii)
Tranche Number:
3
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(If fungible with an existing Series, The Notes will become immediately fungible
details of that Series, including the and form a single series with the existing NOK
date on which the Notes become 700,000,000 1.742 per cent. Notes due 26
fungible).
October 22 issued on 26 January 2017 (the
"Tranche 2 Notes") and NOK 300,000,000
1.742 per cent. Notes due 26 October 22 issued
on 26 October 2015 (the "Tranche 1 Notes")
on Issue Date.
3.
Specified Currency or Currencies:
Norwegian Kroner ("NOK")
4.
Aggregate Nominal Amount:

(i)
Series:
NOK 1,250,000,000

(ii)
Tranche:
NOK 250,000,000
5.
(i)
Issue Price:
100.666 per cent. of the Aggregate Nominal
Amount plus accrued interest from 26 October
2018.
6.
(i)
Specified Denominations:
NOK 1,000,000

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

(ii)
Interest Commencement
26 October 2018
Date:
8.
Maturity Date:
26 October 2022
9.
Interest Basis:
1.742 per cent. Fixed 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
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PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15.
Fixed Rate Note Provisions
Applicable

(i)
Rate(s) of Interest:
1.742 per cent. per annum payable annually in
arrear

(ii)
Interest Payment Date(s):
26 October in each year, not adjusted.

(iii)
Fixed Coupon Amount(s):
NOK 17,420 per Calculation Amount

(iv)
Broken Amount(s):
Not Applicable

(v)
Day Count Fraction:
30/360

(vi)
Other terms relating to the
Not Applicable
method of calculating interest for
Fixed Rate Notes:
16.
Floating Rate Note Provisions
Not Applicable
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

In
cases
where
the
Final
Redemption Amount is Index-
Linked or other variable-linked:
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
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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 DNB Bank ASA
of Dealer:
Dronning Eufemias gt 30
N-0191 Oslo
Norway

33.
TEFRA:
Not Applicable
34.
Additional selling restrictions:
Not Applicable
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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 35,000,000,000 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: ..............................................

Karoliina Kajova

Hannu-Pekka Ylimommo
Manager, Funding
Legal Counsel

SIGNED on behalf of the Guarantor:

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

Tuukka Salminen
Deputy Managing Director

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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 the Regulated Market of the London
Stock Exchange with effect from 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 26 October
2015.

The Tranche 2 Notes were admitted to trading on
the Regulated Market of the London Stock
Exchange with effect from on or about 26 January
2017.

2.
RATINGS

Ratings:
The Notes to be issued have been rated:

Moody's:
Aa1

Standard & Poor's: AA+

Moody's Investors Service Limited and Standard
& Poor's Credit Market Services Europe Limited
are both established in the European Economic
Area and registered under Regulation (EC) 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
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been met.

ISIN Code:
NO0010748320

Common Code:
131156120

CUSIP No:
Not Applicable

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

Delivery:
Delivery against payment

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