Obligation Municipal Finance PLC 0% ( NO0010813710 ) en NOK

Municipal Finance PLC

100 % ⇌

Finlande

NO0010813710 ( en NOK )

10/01/2025 - Obligation échue

Prospectus brochure de l'obligation Municipality Finance PLC NO0010813710 en NOK 0%, échue

1 000 000 NOK

500 000 000 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 émise par Municipal Finance PLC ( Finlande ) , en NOK, avec le code ISIN NO0010813710, paye un coupon de 0% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 10/01/2025

Final Terms dated 8 January 2018
MUNICIPALITY FINANCE PLC (Kuntarahoitus Oyj)
Issue of NOK 500,000,000 Floating Rate Notes due January 2025
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:
15-2018

(ii)
Tranche Number:
1

(If fungible with an existing Series, details of Not Applicable
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:
107.896 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:
10 January 2018

(ii)
Interest Commencement Date:
Issue Date
8.
Maturity Date:
Interest Payment date falling in or nearest to January 2025
9.
Interest Basis:
3 month NIBOR + 1.25 per cent.
(further particulars specified below)

10.
Redemption/Payment Basis:
Redemption at par
11.
Change of Interest or Redemption/Payment Not Applicable
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 issuance of Not Applicable
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 Dates:
Interest will be payable quarterly in arrears on 10 January,
10 April, 10 July and 10 October in each year commencing
on 10 April 2018 and ending on Maturity Date, subject to
adjustment in accordance with the Business Day Convention
specified below (each a "Specified Interest Payment Date").

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

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

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

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

(vii)
Screen Rate Determination:

Reference Rate:
3 month NIBOR

Interest
Determination Second Oslo business day prior to each Specified Interest
Date(s):
Payment Date.

Relevant Screen Page:
Reuters Screen OIBOR page

(viii)
ISDA Determination:
Not Applicable

(ix)
Linear Interpolation:
Not Applicable

(x)
Margin(s):
+ 1.25 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 Provisions
Not Applicable
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 Note
NOK 1,000,000 per Calculation Amount
23.
Early Redemption Amount

Early Redemption Amount(s) per Calculation Not applicable
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 provisions Oslo and TARGET
relating to Payment Dates:
27.
Talons for future Coupons or Receipts to be No
attached to Definitive Notes (and dates on
which such Talons mature):
28.
Details relating to Partly Paid Notes: amount Not Applicable
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: amount of Not Applicable
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 address of Not Applicable
Managers
and
underwriting
commitments:

(ii)
Date of Subscription Agreement:
Not Applicable

(iii)
Stabilising Manager(s) (if any):
Not Applicable
32.
If non-syndicated, name and address of Dealer: Nordea Bank AB (publ)
Smålandsgatan 17
105 71 Stockholm
Sweden
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: ........................................................................
Karoliina Kajova

Hannu-Pekka Ylimommo
Manager, Funding
Legal Counsel

SIGNED on behalf of the Guarantor:

By: ...........................................................................
Heikki Niemeläinen
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 London Stock
Exchange with effect from the Issue Date.
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 which No. Whilst the designation is specified as "no" at the date of
would allow Eurosystem eligibility:
these Final Terms, should the 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:
NO0010813710

Common Code:
Not Applicable

CUSIP No:
Not Applicable

Any clearing system(s) other than Verdipapirsentralen, Norway. VPS identification number: 985
Euroclear, Clearstream, and DTC and the 140 421 The Issuer shall be entitled to obtain information from
relevant identification number(s):
the register 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 additional Paying Nordea Bank AB (publ), filial i Norge
Agent(s) (if any):