HELSINKI, Feb. 28, 2024 /PRNewswire/ -- Citycon Group has successfully placed a EUR 300 million green bond (the "Bond"). The issuer of the Bond is Citycon Treasury B.V. and the guarantor is Citycon Oyj. The 5-year senior unsecured fixed rate EUR-denominated Bond matures on 6 March 2029 and pays a fixed coupon of 6.500%.The Bond is issued under the issuer's EUR 2,500,000,000 EMTN programme dated 10 November 2023, and supplemented on 26 February 2024. Citycon Treasury B.V. will apply for the Bond to be admitted to the Official List of the Irish Stock Exchange (Euronext Dublin) and to trade on its regulated market. The Bond will be rated by Standard & Poor's in line with the corporate rating of Citycon.The net proceeds from the Bond will be used to refinance existing debt and for such general corporate purposes of the Group that meet Citycon's green financing framework requirements, which enables Citycon to integrate sustainability objectives in its financing activities. Citycon expects to apply a portion of the net proceeds of the issue to purchasing certain euro-denominated bonds issued by the Citycon Group which are validly tendered and accepted for purchase in accordance with the tender offer launched by Citycon on 27 February 2024.Citycon's green financing framework reflects practices that support the transition to a sustainable and low carbon economy through the development of green assets. Proceeds allocated in accordance with the framework will be used to finance or re-finance eligible green assets in categories green buildings, energy efficiency, renewable energy or waste management."We are pleased with the success of this placement. The demand for the bond was extremely strong with an orderbook approximately seven times over-subscribed. This once again highlights the quality of our credit and our access to the capital market. As a result of this successful issuance, our debt maturity profile is significantly improved and refinancing risk is further reduced as we aim to use the net proceeds to partially pay back the bond maturing in 2024 and pay down other short-term debt", says Sakari Järvelä, Chief Financial Officer of Citycon.Danske Bank and Deutsche Bank acted as Global Coordinators, and Nordea Bank, OP Corporate Bank, SEB and Swedbank acted as Active Bookrunners.