Citycon Oyj - Company Announcement

Citycon Group successfully places NOK 2.65 billion bonds in two tranches

CITYCON OYJ               Stock Exchange Release	24 August 2015 at 19.20 hrs

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 (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED
STATES AND THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, HONG KONG, SOUTH
AFRICA OR JAPAN. 

Citycon Group has successfully placed NOK 2.65 billion bonds, split in a
10-year fixed rate tranche and a 5.5-year floating rate tranche (the 'Bonds').
The issuer of the Bonds is Citycon Treasury B.V. and the guarantor is Citycon
Oyj. The NOK 1.4 billion 10-year bond matures in September 2025 and carries
fixed annual interest at the rate of 3.90 per cent, payable annually. The NOK
1.25 billion 5.5-year bond matures in March 2021 and carries a floating
interest of 3 months NIBOR plus 1.55 per cent per year, payable quarterly. 

The Bonds were allocated to a broad base of Nordic investors. Citycon Treasury
B.V. will apply for the Bonds to be admitted to trading on the regulated market
of the Oslo Stock Exchange. 

The proceeds from the offering will be used to refinance existing debt and for
general corporate purposes of the Group. 

Executive Vice President and CFO Eero Sihvonen: 'We are pleased with the
success of the placement of Citycon's first two NOK bond transactions. The
transactions closed within a few hours, demonstrating the strength of our
credit profile. These strategic NOK bonds will mainly be used to refinance
existing bridge loans in relation to the Sektor acquisition, thus extending
Citycon's average debt maturities. 

Citycon Group has mandated Danske Bank A/S, Norwegian Branch and Skandinaviska
Enskilda Banken AB (publ), Oslo Branch as lead managers. 

Helsinki, 24 August 2015

CITYCON OYJ
Marcel Kokkeel
CEO


For further information, please contact:
Marcel Kokkeel, CEO
Tel. +358 20 766 4521 or +358 40 154 6760
marcel.kokkeel@citycon.com

Eero Sihvonen, Executive Vice President and CFO
Tel. +358 20 766 4459 or +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 5 billion and with a market
capitalisation of approximately EUR 2 billion. For more information about
Citycon, please visit www.citycon.com 




DISCLAIMER
This announcement is not an offer for sale of securities in the United States.
Securities may not be offered or sold in the United States absent registration
or an exemption from registration under the U.S. Securities Act of 1933, as
amended. Citycon does not intend to register any portion of the securities in
the United States or to conduct an offer of securities for sale in the United
States. 

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qualified investor as defined in the Prospectus Directive; or (b) in any other
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purposes of this paragraph, the expression an “offer of securities to the
public” means the communication in any form and by any means of sufficient
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Directive” means Directive 2003/71/EC (and amendments thereto, including the
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