Citycon prices €300m 10 year bond after rights issue

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By Richard Metcalf
22 Sep 2014

Citycon, the Finnish retail property owner and developer, priced a €350m 10 year bond on Monday. It had planned to issue €300m but the issue was oversubscribed and the company was able to increase and still price at the tight end of guidance.

Deutsche Bank and Goldman Sachs were global coordinators, with Danske Bank and Swedbank as lead managers.

"The transaction was oversubscribed and closed within a few hours," said CityCon's executive vice-president and CFO, Eero Sihvonen, in an announcement published shortly after allocation. "This strategic 10 year euro bond extends our ...

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