Citycon Oyj has repurchased its subordinated convertible capital bonds issued on 2 August 2006 (the “Convertible Bonds”) from an institutional investor for a repurchase price of 100.40 per cent of face value. The face value repurchased by the company amounted to EUR 1.45 million corresponding to 29 bonds with face value of EUR 50,000 corresponding to approximately 1.3 per cent of the aggregate amount of the Convertible Bonds due 2013. The deal was executed on 9 October 2012.
Including the buybacks Citycon has concluded earlier, the company has repurchased a total principal amount of EUR 70.2 million of the Convertible Bonds corresponding to approximately 64 per cent of the aggregate amount of the Convertible Bonds. The principal amount of the Convertible Bonds listed on 22 August 2006 amounts to EUR 110 million and the Convertible Bonds carry an interest at the rate of 4.50 per cent p.a.
The repurchases of the bonds have been executed in the open market in accordance with section 7 (f) of the terms and conditions of the Convertible Bonds. In accordance with the terms and conditions of the Convertible Bonds the company will cancel the repurchased bonds.
Helsinki, 9 October 2012
For further information, please contact:
Eero Sihvonen, Executive VP and CFO
Tel +358 20 766 4459 or +358 50 557 9137
NASDAQ OMX Helsinki