Congratulations to Citycon on their NOK 800m green bond! 

Finnish Citycon is a leading owner, manager and developer of mixed-use centers for urban living, incl. retail, office space and housing. The company is committed to sustainable property management in the Nordic region with assets that total approx. EUR 4.4bn. They own 40 centers and 1 other retail property, incl. 12 centers in Finland and Estonia, 17 in Norway, and 11 in Sweden and Denmark. 

Proceeds from the green bond will be used to finance or re-finance eligible green assets within green buildings, energy efficiency, renewable energy or waste management.

The green bond is Citycon’s first NOK bond issue since 2017, and also their inaugural NOK-denominated green bond. Danske Bank is proud to have acted as joint lead manager on the successful transaction, which saw a final order book above NOK 1.6bn.

Fact box Transaction Terms 
Issuer: Citycon Treasury B.V., Netherlands

Status: Senior unsecured, green bond

Launch Date:  13 November 2020

Size: NOK 800m

Docs/Listing: EMTN Programme / Oslo Børs

Danske Bank's role: Joint Lead Manager