Citycon Treasury B.V. has applied for the Bond to be admitted to the Official List of the Irish Stock Exchange and to trade on its regulated market. The Bond has been rated BBB by Standard & Poor's and Baa1 by Moody's, in line with Citycon's corporate credit rating.

The net proceeds from the offering will mainly be used to partially repay and/or refinance Citycon Group’s existing indebtedness and, to a lesser extent, for general corporate purposes, including the development of existing properties, to acquire new properties or to increase its shareholdings in its existing joint ventures.

CFO and Executive Vice President Eero Sihvonen: “We are pleased with the success of this placement that was more than 6 times oversubscribed. The order book reached EUR 2,200 million in total and the bond was allocated to a broad base of European investors.”

Barclays, Danske Bank, Deutsche Bank and Nordea acted as joint lead managers.