Commercial or municipal paper programme

Obtain market-priced short-term finance with commercial and municipal papers

A company or municipality makes an agreement with the bank on a commercial or municipal paper programme based on which the bank mediates papers to investors and the issuer receives the funds in its account.

The minimum amount for companies is 5 million euros and for municipalities 1 million euros. The minimum denomination of an individual note is 100,000 euros and the maturity is 1- 364 days.

Benefits to the issuer

• Finance originates directly from investors, which enables the issuer to expand its sources of finance.
• Flexible way to obtain short-term finance, as the maturity can be adjusted to correspond to the financing need.
• The issuer always obtains finance at the current market price.