Citycon has bought back part of 2014 and 2017 maturing bonds

Stock exchange releases - 25 June 2013


 Citycon Oyj has repurchased part of its unsecured domestic bond issued on 17 December 2009 from institutional investors for a price of 106.5 per cent of face value. The face value repurchased by the company amounted to EUR 16.9 million corresponding to approximately 42.3 per cent of the aggregate amount of the domestic bond. The principal amount of the bond due in 2014 amounts to EUR 40 million and it carries an interest at the rate of 5.10 per cent p.a. The deals were executed on 25 June 2013.



 Citycon Oyj has at the same time repurchased part of its unsecured domestic bond issued on 11 May 2012 from institutional investors for a price of 106.4 per cent of face value. The face value repurchased by the company amounted to EUR 11.6 million corresponding to approximately 7.7 per cent of the aggregate amount of the domestic bond. The principal amount of the bond due in 2017 amounts to EUR 150 million and it  carries an interest at the rate of 4.25 per cent p.a. The deals were executed on 25 June 2013.



 The repurchases of the bonds have been executed in the open market and in accordance with the terms and conditions of the domestic bonds the company will cancel the repurchased bonds. The repurchases were paid from the proceeds of the successfully placed 7-year EUR 500 million 3.75 per cent eurobond and were carried out to extend the average loan maturity and to reduce the average interest cost of the loan portfolio.

  



 Helsinki, 25 June 2013



 CITYCON OYJ

 Marcel Kokkeel

 CEO

  



 For further information, please contact:

 Eero Sihvonen, Executive VP and CFO

 Tel +358 20 766 4459 or +358 50 557 9137

 eero.sihvonen@citycon.fi

  



 Distribution:

 NASDAQ OMX Helsinki

 Major media

 www.citycon.com



  

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