Citycon Oyj issues EUR 150 million domestic bond

Stock exchange releases - 4 May 2012


 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA, HONG KONG OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW.



 Citycon Oyj issues a EUR 150 million senior unsecured domestic bond. The five-year bond matures on 11 May 2017. The bond carries fixed annual interest at the rate of 4.25 per cent, payable annually on 11 May.

 

 The bonds were allocated to approximately 40 investors and the bond offering was oversubscribed. Citycon will apply for the listing of the bond on NASDAQ OMX Helsinki Ltd.

 

 The proceeds from the bond offering will be used to repay existing debt and for general corporate purposes.

 

 Executive Vice President and CFO Eero Sihvonen: “We are pleased with the market reception of Citycon’s domestic bond. The deal size was increased to the maximum of the marketing range while the coupon was fixed closer to the lower end of the pricing range. The deal was oversubscribed and closed within a few hours. This transaction also marks an important step in diversification of Citycon's funding sources.”

 

 Nordea Markets and Pohjola Markets acted as joint arrangers and bookrunners for the transaction.

 

 Helsinki, 4 May 2012

 

 CITYCON OYJ

 Marcel Kokkeel

 CEO

 

 For further information, please contact:

 

 Eero Sihvonen, Executive Vice President 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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