Borenius advised Citycon Group on its EUR 450 million green bond issue and tender offers

We advised Citycon on the Finnish law aspects of its EUR 450 million offering of a 6.25-year 5.375% green bond due in 2031 and tender offers to purchase for cash EUR 200 million of its EUR 350 million guaranteed notes due in 2026. The green bond was issued on 8 April 2025 under the EUR 2,500,000,000 EMTN programme and admitted to listing on the regulated market of the Irish Stock Exchange, Euronext Dublin. The tender offers settled on 18 March 2025 and 22 April 2025.

Citycon is a leading owner, manager, and developer of mixed-use real estate featuring modern, necessity-based retail with residential, office and municipal service spaces that enhance the communities in which they operate. Citycon is committed to sustainable property management in the Nordic region with assets that total approximately EUR 3.7 billion. Citycon’s centres are located in urban hubs in the heart of vibrant communities with direct connections to public transport and anchored by grocery, healthcare and other services that cater to the everyday needs of customers. Citycon Oyj’s shares are listed on Nasdaq Helsinki Ltd.