YIT Corporation Stock Exchange Release 21 May 2025 at 6:20 p.m.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN,
NEW ZEALAND, SINGAPORE, SOUTH AFRICA OR SUCH OTHER COUNTRIES OR OTHERWISE IN
SUCH CIRCUMSTANCES IN WHICH THE OFFERING OF THE NEW CAPITAL SECURITIES OR THE
RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
YIT successfully issues EUR 100 million green capital securities
YIT Corporation (“YIT”) issues new EUR 100 million green capital securities (the
“New Capital Securities”). The New Capital Securities bear a fixed interest rate
of 8.500 per cent per annum until 30 May 2028 (the “Reset Date”), payable
annually, and, from the Reset Date, a floating interest rate as defined in the
terms and conditions of the New Capital Securities. The New Capital Securities
do not have a specified maturity date, but YIT is entitled to redeem the New
Capital Securities at their nominal amount on the Reset Date, and subsequently,
on each interest payment date. The issue date for the New Capital Securities is
expected to be on or about 30 May 2025.
“I am pleased with the successful hybrid transaction. The transaction was part
of our proactive management of financing position and highlights the capital
market's continued confidence in YIT and the outlook for our business”, says
Tuomas Mäkipeska, CFO at YIT.
YIT will apply for a listing of the New Capital Securities on Nasdaq Helsinki
Ltd.
YIT intends to use the net proceeds of the issue of the New Capital Securities
for refinancing the EUR 100 million green capital securities issued by YIT on 31
March 2021 and general corporate purposes. An amount equivalent to the net
proceeds from the issue of the New Capital Securities will be used for the
financing or refinancing of eligible green projects or assets or otherwise in
accordance with YIT's Green Finance Framework dated 30 April 2024.
Danske Bank A/S, Nordea Bank Abp, OP Corporate Bank plc, Skandinaviska Enskilda
Banken AB (publ) and Swedbank AB (publ) act as Joint Lead Managers and
Bookrunners for the issue of the New Capital Securities.
Further information, please contact:
Markus Pietikäinen, SVP, Treasury and M&A, YIT Corporation, tel. +358 40 525
3024, markus.pietikainen@yit.fi
YIT CORPORATION
Tuomas Mäkipeska
CFO
Distribution: Nasdaq Helsinki, major media, www.yitgroup.com
We build and develop sustainable living environments: functional and attractive
homes, future-proof public and commercial buildings, infrastructure to support
the green transition as well as industrial, production, and energy facilities to
support our customers' processes. YIT's vision is to be the expert partner in
developing sustainable homes, spaces, and cities - for a good life. There are
approximately 4,100 professionals in our team and our revenue in 2024 was EUR
1.8 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.
Read more: www.yitgroup.com and follow us on
Linkedin (https://www.linkedin.com/company/yit/) I X (https://twitter.com/YITGrou
p) I Instagram (https://www.instagram.com/yitsuomi/) I Facebook (https://www.face
book.com/yitsuomi/)
Important Information
The information contained herein is not for release, publication or
distribution, in whole or in part, directly or indirectly, in or into the United
States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South
Africa or such other countries or otherwise in such circumstances in which the
release, publication or distribution would be unlawful. The information
contained herein does not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of, the New Capital Securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration, exemption from registration or qualification under the
securities laws of any such jurisdiction. No actions have been taken to register
or qualify the New Capital Securities, or otherwise to permit a public offering
of the New Capital Securities, in any jurisdiction.
This communication does not constitute an offer of New Capital Securities for
sale in the United States. The New Capital Securities have not been and will not
be registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act") or under the applicable securities laws of any state of the United States,
and the New Capital Securities may not be offered, sold, pledged or otherwise
transferred, directly or indirectly, within the United States or to, or for the
account or benefit of, any U.S. person (as such terms are defined in Regulation
S under the Securities Act) except pursuant to an applicable exemption from, or
in a transaction not subject to, the registration requirements of the Securities
Act.
This communication does not constitute an offer of New Capital Securities to the
public in the United Kingdom. No prospectus has been or will be approved in the
United Kingdom in respect of the New Capital Securities. Consequently, this
communication is addressed to and directed only at persons in the United Kingdom
in circumstances where provisions of section 21(1) of the Financial Services and
Markets Act 2000 as amended, do not apply and are solely directed at persons in
the United Kingdom who (i) have professional experience in matters relating to
investments falling within Article 19(5) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005 (the “Order”), (ii) are persons
falling within Article 49(2)(a) to (d) of the Order, or (iii) are other persons
to whom it may be otherwise lawfully communicated (all such persons together
being referred to as “relevant persons”). This release is directed only at
relevant persons and any person who is not a relevant person must not act or
rely on this release or any of its contents.