Borenius advised Citycon Group in connection with its issuance of a NOK 800 million green bond

We advised the Citycon Group in connection with its issuance of a NOK 800 million ​green bond offering.

The issuer of the bond is Citycon Treasury B.V. and the guarantor is Citycon Oyj. The 3-year senior unsecured floating rate NOK-denominated bond matures on 24 November 2023. The bond is issued under the issuer’s EUR 1.5 billion EMTN programme dated 26 March 2020.​

The net proceeds from the offering will be used to finance and refinance new or existing assets and projects in accordance with Citycon’s established Green Finance Framework, including the refinancing of existing NOK debt.​

Citycon is a leading owner, manager and developer of urban, grocery-anchored shopping centres in the Nordic region, managing assets that total almost EUR 4.5 billion. Citycon is the no. 1 shopping centre owner in Finland and among the market leaders in Norway, Sweden and Estonia. Citycon has also established a foothold in Denmark.​