CITYCON OYJ Stock Exchange Release 22 August 2018 at 10:45 hrs
Citycon Group intends to issue a Eurobond
NOT TO BE RELEASED, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART IN OR INTO OR TO ANY PERSON LOCATED IN OR RESIDENT IN THE UNITED
STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE
DISTRICT OF COLUMBIA (TOGETHER THE "UNITED STATES"), AUSTRALIA, CANADA OR JAPAN
OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE
UNLAWFUL.
Citycon Group intends to issue a Euro denominated guaranteed bond in an amount
of up to EUR 300 million. The bond would be offered mainly to European,
including Nordic, institutional investors through a book building procedure and,
if issued, the expected maturity of the bond would be approximately 8 years. The
bond would be issued by Citycon Treasury B.V. and guaranteed by Citycon Oyj.
Citycon Treasury B.V. would apply for the bond to be admitted to the Official
List of the Irish Stock Exchange and to trading on its regulated market.
The net proceeds from any potential bond issue would mainly be used to partially
repay and refinance Citycon Group’s existing indebtedness including purchasing a
Euro denominated bond issued by Citycon Oyj for a certain fixed amount in
accordance with the cash tender offer published by Citycon Oyj on 22 August
2018, and to a lesser extent, for general corporate purposes.
Citycon Group has mandated Deutsche Bank, Nordea, OP and Citibank as joint lead
managers. Citycon Group will announce further information after the placement of
the bond.
Helsinki, 22 August 2018
CITYCON OYJ
For further information, please contact:
Marcel Kokkeel
Chief Executive Officer
Tel. +358 40 154 6760
marcel.kokkeel@citycon.com
Eero Sihvonen
Executive VP and CFO
Tel. +358 50 557 9137
eero.sihvonen@citycon.com
Citycon Oyj (Nasdaq Helsinki: CTY1S) is a leading owner, developer and manager
of urban grocery-anchored shopping centres in the Nordic and Baltic regions,
managing assets that total approximately EUR 4.5 billion and with market
capitalisation of approximately EUR 1.7 billion. For more information about
Citycon Oyj, please visit www.citycon.com
Important regulatory notice
This announcement does not constitute, or form part of, an offer or invitation
to sell or issue, or any solicitation of an offer to buy or subscribe for, any
securities in the United States or any other jurisdiction nor shall it (or any
part of this announcement) or the fact of its distribution form the basis of, or
be relied upon in connection with, or act as any inducement to enter into, any
contract or commitment. Recipients of this announcement who intend to purchase
any securities are reminded that any such purchase or subscription must be made
solely on the basis of the information contained in any final form prospectus
published in connection with any such securities, which if and when published
will be available on the website of the Central Bank of Ireland. The transaction
described above and the distribution of this announcement and other information
in connection with the transaction in certain jurisdictions may be restricted by
law and persons into whose possession any document or other information referred
to herein comes should inform themselves about and observe any such restriction.
Any failure to comply with these restrictions may constitute a violation of the
securities laws of any such jurisdiction.
This communication is not an offer of securities for sale in the United States,
Australia, Canada, Japan or any other jurisdiction where to do so would be
unlawful. Neither Citycon Oyj nor Citycon Treasury B.V. has registered, or
intends to register, securities in any of these jurisdictions or to conduct an
offer of securities for sale in any of these jurisdictions. In particular, no
securities of Citycon Oyj or Citycon Treasury B.V. have been or will be
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and such securities may not be offered, sold or delivered within the
United States or to, or for the account or benefit of, U.S. persons (as defined
in Regulation S under the Securities Act) except pursuant to an exemption from,
or in a transaction not subject to, the registration requirements of the
Securities Act and in compliance with any applicable state securities laws.
This announcement is directed only at (i) persons who are outside the United
Kingdom or (ii) to investment professionals falling within the definition of
"investment professionals" in Article 19 of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) or (iii)
high net worth companies, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all such
persons in (i), (ii) and (iii) above together being referred to as "relevant
persons").