References/16 Jun 2020
Borenius advised Citycon on its EUR 200 million euro-denominated tap issue
We advised Citycon Oyj in connection with the offering of EUR 200 million in 2.500 per cent guaranteed notes due in 2024. The notes were issued by Citycon’s wholly owned subsidiary Citycon Treasury B.V. and guaranteed by Citycon Oyj.
The net proceeds from the offering will primarily be used to refinance existing debt and for the Group’s general corporate purposes, including the development of existing properties.
Citycon is a leading owner, manager and developer of urban, grocery-anchored shopping centres in the Nordic region, managing assets that total almost EUR 4.5 billion. Citycon is the no. 1 shopping centre owner in Finland and among the market leaders in Norway, Sweden and Estonia. Citycon has also established a foothold in Denmark.