Nasdaq Nordic: Nasdaq Helsinki welcomes Municipality Finance as its First Social Bond Issuer

Milestone marks the expansion of Nasdaq's growing market for social bonds into
Finland 

Helsinki, Finland, September 10, 2020 - Nasdaq (Nasdaq: NDAQ) today announced
that Municipality Finance Plc ("MuniFin") has listed its inaugural social bond
on the Nasdaq Sustainable Debt Market at Nasdaq Helsinki. The bond notional is
EUR 500 million with a maturity of 15 years, explicitly guaranteed by the
Municipal Guarantee Board. MuniFin's issuance is the first social bond listed
on Nasdaq Helsinki and the first social bond issued by an SSA (Sovereigns,
Supranationals, Agencies) issuer in the Nordic countries. 

MuniFin is a wholly public sector owned company whose sole mandate is to secure
financing to the Finnish municipalities and non-profit housing organisations.
It has been an active green bond issuer for four years and is now expanding the
offering into social bonds. 

The proceeds of the social bond issue will finance projects that fall into one
of the three categories of social housing, welfare and education and they
promote equality, sense of community, wellbeing and vitality of regions and/or
municipalities. The first financed projects include schools, hospitals and
health care centres and housing for people with special needs. 

"We are extremely proud to be in the forefront of Nordic and European
sustainable finance. Even if all of our financing is aimed at building and
developing the Nordic welfare state, social finance is a flagship product that
highlights the wide-ranging effects that municipal and non-profit housing
investments have both on individuals and the society as a whole, said Esa
Kallio, President and CEO at MuniFin. "The investor response for our inaugural
social bond was overwhelmingly positive. This is a strong testimony that the
financial markets want to actively transform societies and make them more
sustainable." 

"With the help of issuers such as MuniFin, we have in recent years seen Nasdaq
develop into an important hub for sustainable investments in Europe with more
than 230 bonds listed on Nasdaq's Sustainable Debt Market. Following many
international firsts, such the first green corporate bond by Vasakronan and
first city bond issued by Gothenburg, Sweden, we are especially happy to see
continued leadership coming from the Nordic region." said Ann-Charlotte
Eliasson, Head of European Debt Listings and Sustainable Bonds at Nasdaq. 

"We are excited to welcome MuniFin, a Finnish pioneer in sustainable finance,
as our first social bond issuer in Finland," said Henrik Husman, President of
Nasdaq Helsinki. "MuniFin was also our first green bond issuer in 2018, and we
have now five sustainable bonds listed on Nasdaq Helsinki. We look forward to
seeing additional issuers following this trend." 

About Municipality Finance

MuniFin (Municipality Finance Plc) is one of Finland's largest credit
institutions: the company's balance sheet totals nearly EUR 41 billion. The
company is owned by Finnish municipalities, the public sector pension fund Keva
and the Republic of Finland. 

MuniFin's mission is to build a better future in line with the principles of
responsibility and in cooperation with its customers. MuniFin's customers are
Finnish municipalities, municipal federations, municipally controlled entities
and non-profit housing organisations. Lending is used for environmentally and
socially responsible investment targets such as public transportation,
sustainable buildings, hospitals and healthcare centres, schools and day care
centres, and homes for people with special needs. 

MuniFin's customers are domestic but the company operates in a completely
global business environment. It is the most active Finnish bond issuer in
international capital markets and the first Finnish green bond issuer.  The
funding is exclusively guaranteed by the Municipal Guarantee Board. 

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital
markets and other industries. Our diverse offering of data, analytics, software
and services enables clients to optimize and execute their business vision with
confidence. To learn more about the company, technology solutions and career
opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com. 

Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq
Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, and Nasdaq Clearing are respectively
brand names for the regulated markets of Nasdaq Copenhagen A/S, Nasdaq Helsinki
Ltd., Nasdaq Iceland hf., Nasdaq Riga, AS, Nasdaq Stockholm AB, Nasdaq Tallinn
AS, AB Nasdaq Vilnius, and for the CCP Nasdaq Clearing AB. Nasdaq Nordic
represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq
Iceland and Nasdaq Stockholm. Nasdaq Baltic represents the common offering by
Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius. 


Cautionary Note Regarding Forward-Looking Statements

The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995. These statements include, but are not limited to, statements about
Nasdaq and its products and offerings. We caution that these statements are not
guarantees of future performance. Actual results may differ materially from
those expressed or implied in the forward-looking statements. Forward-looking
statements involve a number of risks, uncertainties or other factors beyond
Nasdaq's control. These factors include, but are not limited to factors
detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed
with the U.S. Securities and Exchange Commission. We undertake no obligation to
release any revisions to any forward-looking statements. 

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