YIT - Company Announcement

YIT Corporation to annul the domestic bonds bought back in the voluntary invitation to tender

Helsinki, Finland, 2013-06-24 13:15 CEST (GLOBE NEWSWIRE) -- 
YIT CORPORATION   STOCK EXCHANGE RELEASE                    24 June 2013 at
14.15. p.m. 



YIT CORPORATION TO ANNUL THE DOMESTIC BONDS BOUGHT BACK IN THE VOLUNTARY
INVITATION TO TENDER 



YIT Corporation (”YIT”) announced on 21 May 2013 to commence a voluntary
invitation to tender of the floating rate bonds issued by the company. The
bonds bought back in the invitation to tender regarding YIT Corporation EUR
50,000,000 Floating Rate Notes due August 2014, ISIN code FI4000037874
(hereinafter ”Notes due August 2014”) and YIT Corporation EUR 50 million
floating rate bonds 1/2007, ISIN code FI0003024216 (hereinafter ”Notes due
March 2014”) have today been transferred to the company. YIT has decided to
annul the bonds transferred to the company. 



YIT announced on 30 May 2013 the final result of the voluntary invitation to
tender. After the aforementioned announcement the company has decided to buy
back the Notes due March 2014 for the nominal amount of EUR 250,000 in addition
to the amount announced on 30 May 2013. Thus the percentage share of the Notes
due March 2014 of all the Notes due March 2014 whose holders have sold their
bonds to YIT, is approximately 43.1 per cent. The outstanding principal amount
of the remaining Notes due March 2014 will after the settlement date of the
invitation to tender thus be EUR 28,450,000. 



In accordance with the announcement on 30 May 2013, the percentage share of the
Notes due August 2014 whose holders have sold their bonds to YIT, is
approximately 0.2 per cent, and the percentage share of the Floating Rate Bonds
due September 2016, ISIN code SE0001826686 (hereinafter ”Notes due September
2016”) of all the Notes due September 2016 whose holders have sold their bonds
to YIT, is approximately 24.0 per cent. The outstanding principal amount of the
remaining Notes due August 2014 will after the settlement date of the
invitation to tender thus be EUR 49,900,000, and the outstanding principal
amount of the remaining Notes due September 2016 will after the settlement date
of the invitation to tender thus be EUR 19,007,600. YIT has not made a
resolution on the annulment of the Notes due September 2016 that will come into
its possession. 





Helsinki, 24 June 2013

YIT Corporation

Board of Directors



For further information, please contact:

Janne Tallqvist, Group Treasurer, YIT Corporation, tel. +358 50 512 4913, 
janne.tallqvist@yit.fi 



Distribution:

NASDAQ OMX Helsinki

Major media

www.yitgroup.com



DISCLAIMER

This announcement is not an offer of securities for sale in any jurisdiction.

No securities are being registered under the US Securities Act of 1933 and may
not be offered or sold in the United States absent registration or an exemption
from registration. No public offering of securities is being made in the United
States. 

This release includes forward-looking statements. These forward-looking
statements include, but are not limited to, all statements other than
statements of historical facts contained in this communication, including,
without limitation, those regarding the demerger plan and its execution. By
their nature, forward looking statements involve known and unknown risks,
uncertainties and other factors because they relate to events and depend on
circumstances that may or may not occur in the future. Such statements are
based on numerous assumptions and may differ materially from (and be
significantly more negative than) those made in, or suggested by, the
forward-looking statements contained in this release.