Citycon €300 million 2.375% guaranteed Eurobond issue

Overview:

• Citycon Treasury, a wholly-owned subsidiary of Citycon listed on the Irish Stock Exchange, issued a €300 million guaranteed Eurobond carrying a fixed annual interest at 2.375%.
• The proceeds from the offering will mainly be used to repay part of the existing indebtedness of Sektor in relation to Citycon's acquisition of Sektor Gruppen.
• The bond was issued by a Dutch financing institution and guaranteed by its Finnish-listed parent company; the bond was listed in Ireland.
• Citycon was the guarantor on the deal, while the Deutsche Trustee Company acted as the trustee.

Wai Yee Tsang - Journalist