NOT TO BE RELEASED, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN OR INTO OR TO ANY PERSON LOCATED IN OR RESIDENT IN THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, HONG KONG, SOUTH AFRICA OR JAPAN.
Citycon Group has successfully placed NOK 2.65 billion bonds, split in a 10-year fixed rate tranche and a 5.5-year floating rate tranche (the 'Bonds'). The issuer of the Bonds is Citycon Treasury B.V. and the guarantor is Citycon Oyj. The NOK 1.4 billion 10-year bond matures in September 2025 and carries fixed annual interest at the rate of 3.90 per cent, payable annually. The NOK 1.25 billion 5.5-year bond matures in March 2021 and carries a floating interest of 3 months NIBOR plus 1.55 per cent per year, payable quarterly.
The Bonds were allocated to a broad base of Nordic investors. Citycon Treasury B.V. will apply for the Bonds to be admitted to trading on the regulated market of the Oslo Stock Exchange.
The proceeds from the offering will be used to refinance existing debt and for general corporate purposes of the Group.
Executive Vice President and CFO Eero Sihvonen: 'We are pleased with the success of the placement of Citycon's first two NOK bond transactions. The transactions closed within a few hours, demonstrating the strength of our credit profile. These strategic NOK bonds will mainly be used to refinance existing bridge loans in relation to the Sektor acquisition, thus extending Citycon’s average debt maturities.
Citycon Group has mandated Danske Bank A/S, Norwegian Branch and Skandinaviska Enskilda Banken AB (publ), Oslo Branch as lead managers.
Helsinki, 24 August 2015
For further information, please contact:
Marcel Kokkeel, CEO
Tel. +358 20 766 4521 or +358 40 154 6760
Eero Sihvonen, Executive Vice President and CFO
Tel. +358 20 766 4459 or +358 50 557 9137
Citycon Oyj (Nasdaq Helsinki: CTY1S) is a leading owner, developer and manager of urban grocery-anchored shopping centres in the Nordic and Baltic regions, managing assets that total approximately EUR 5 billion and with a market capitalisation of approximately EUR 2 billion. For more information about Citycon, please visit www.citycon.com
This announcement is not an offer for sale of securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Citycon does not intend to register any portion of the securities in the United States or to conduct an offer of securities for sale in the United States.
The Company has not authorized any offer to the public of securities in any Member State of the European Economic Area. With respect to each Member State of the European Economic Area which has implemented the Prospectus Directive (each, a “Relevant Member State”), no action has been undertaken or will be undertaken to make an offer to the public of securities requiring publication of a prospectus in any Relevant Member State. As a result, the securities may only be offered in Relevant Member States (a) to any legal entity which is a qualified investor as defined in the Prospectus Directive; or (b) in any other circumstances falling within Article 3(2) of the Prospectus Directive. For the purposes of this paragraph, the expression an “offer of securities to the public” means the communication in any form and by any means of sufficient information on the terms of the offer and the securities to be offered so as to enable an investor to decide to exercise, purchase or subscribe the securities, as the same may be varied in that Member State by any measure implementing the Prospectus Directive in that Member State and the expression “Prospectus Directive” means Directive 2003/71/EC (and amendments thereto, including the 2010 PD Amending Directive, to the extent implemented in the Relevant Member State), and includes any relevant implementing measure in the Relevant Member State and the expression “2010 PD Amending Directive” means Directive 2010/73/EU.
This document is being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as “relevant persons”). Any invitation, offer or agreement to subscribe, purchase or otherwise acquire securities will be engaged in only with relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
This announcement is not for publication, distribution or release, directly or indirectly, in or into the United States, Canada, South Africa, Australia, Hong Kong or Japan or to any other jurisdiction where such announcement or publication would be unlawful. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.