The Board of Directors of Citycon Oyj agreed on 30 November 2009 to
issue a domestic unsecured bond up to a maximum amount of EUR
50,000,000 (the "Bond"). The Bond was offered for subscription in an
offering mainly to Finnish retail investors and selected
international investors. The company's Board of Directors has today,
on 14 December 2009, approved the subscriptions for the Bond,
totaling EUR 40 million, which is also the aggregate principal amount
of the Bond.
"The bond issue demonstrates Citycon's ability to raise long-term
financing on competitive terms for its investments. We are pleased
that we were able to diversify our funding base by issuing this bond.
The Bond gathered subscriptions from some 400 investors and the
amount issued can be considered substantial taking into account the
main target group - retail investors", comments CFO and Executive
Vice President Eero Sihvonen.
The company has applied for the listing of the Bond on the Official
List of NASDAQ OMX Helsinki Ltd. and public trading in the notes is
expected to commence on or about 17 December 2009.
Helsinki 14 December 2009
The Board of Directors
For further information, please contact:
Petri Olkinuora, CEO
Tel. +358 20 766 4401 or mobile +358 400 333 256
Eero Sihvonen, CFO, Executive Vice President
Tel. +358 20 766 4459 or mobile +358 50 557 9137
NASDAQ OMX Helsinki
THESE MATERIALS ARE NOT AN OFFER FOR SALE OF THE BONDS IN THE UNITED
STATES OR IN ANY OTHER JURISDICTION. THE BONDS MAY NOT BE SOLD IN THE
UNITED STATES WITHOUT REGISTRATION OR AN EXEMPTION FROM REGISTRATION
UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED. CITYCON OYJ DOES
NOT INTEND TO REGISTER ANY PORTION OF SUCH OFFERING IN THE UNITED
STATES OR TO CONDUCT A PUBLIC OFFERING OF SECURITIES IN THE UNITED