Finland's Citycon has issued a EUR 150 mln senior unsecured domestic bond. The five-year bond matures on 11 May 2017 and carries a fixed annual interest rate of 4.25%, payable annually on 11 May.
Finland's Citycon has issued a EUR 150 mln senior unsecured domestic bond. The five-year bond matures on 11 May 2017 and carries a fixed annual interest rate of 4.25%, payable annually on 11 May.
The bonds were allocated to some 40 investors and the bond offering was oversubscribed. Citycon said in a statement it will use the proceeds to repay existing debt and for general corporate purposes.
'We are pleased with the market reception of Citycon's domestic bond,' said Citycon's executive vice president and CFO Eero Sihvonen. '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.
