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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Citycon Oyj    CTY1S   FI4000369947

CITYCON OYJ

(CTY1S)
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Delayed Quote. Delayed NASDAQ OMX HELSINKI LTD. - 01/15 11:29:34 am
7.9 EUR   +0.38%
01/13CITYCON OYJ : Managers' Transactions
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01/13CITYCON OYJ : Managers' Transactions
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01/13CITYCON OYJ : Conveyance of Citycon Oyj's own shares for payment of rewards earned under incentive programmes
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SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Citycon Oyj : signed total EUR 500 million committed syndicated revolving credit facilities

11/17/2020 | 09:16am EST

CITYCON OYJ   Stock Exchange Release   17 November 2020 at 16.15 hrs 

Citycon Group has today signed total EUR 500 million new committed syndicated multicurrency revolving credit facilities, to replace and extend its existing EUR 500 million facility maturing in December 2021. The new facilities consist of an unsecured facility and a secured facility, both separately up to EUR 250 million.
The credit facilities can be used for general corporate purposes. The maturity of both new facilities is 3.5 years. The margin of the facilities is determined based on Citycon's credit rating. Additionally, the margin is linked to achieving Citycon's 2030 key sustainability targets.
"Refinancing of Citycon's revolving credit facility was an important milestone completing our near-term refinancing and securing sufficient liquidity buffer for several years ahead.  The transaction also demonstrates our access to debt financing and the strength of our core bank relationships. Connecting Citycon's sustainability performance to our financing will further support Citycon's profile as a green investment.", says Executive Vice President and CFO Eero Sihvonen.
The mandated lead arrangers of the unsecured facility are Danske Bank A/S (coordinator), Nordea Bank Finland Plc, Pohjola Bank plc, Skandinaviska Enskilda Banken AB (publ) and Swedbank AB (publ). Respectively, the mandated lead arrangers of the secured facility are Danske Bank A/S (coordinator), Pohjola Bank plc, Skandinaviska Enskilda Banken AB (publ) and Swedbank AB (publ).
Helsinki, 17.11.2020    
CITYCON OYJ
For further information, please contact:
Eero Sihvonen
Executive VP and CFO
Tel. +358 50 557 9137
eero.sihvonen@citycon.com
Laura Jauhiainen
Head of Investor Relations
Tel. +358 40 823 9497
laura.jauhiainen@citycon.com
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 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.
Citycon has investment-grade credit ratings from Moody's (Baa3), Fitch (BBB-) and Standard & Poor's (BBB-). Citycon Oyj's share is listed in Nasdaq Helsinki.
www.citycon.com              

https://news.cision.com/citycon-oyj/r/citycon-signed-total-eur-500-million-committed-syndicated-revolving-credit-facilities,c3238668

(c) 2020 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
CITYCON OYJ 0.38% 7.9 Delayed Quote.-0.38%
DANSKE BANK A/S -1.96% 109.9 Delayed Quote.9.19%
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Financials
Sales 2020 297 M 359 M 359 M
Net income 2020 -57,1 M -69,0 M -69,0 M
Net Debt 2020 1 979 M 2 390 M 2 390 M
P/E ratio 2020 -24,6x
Yield 2020 6,52%
Capitalization 1 406 M 1 700 M 1 698 M
EV / Sales 2020 11,4x
EV / Sales 2021 11,3x
Nbr of Employees 237
Free-Float 34,3%
Chart CITYCON OYJ
Duration : Period :
Citycon Oyj Technical Analysis Chart | CTY1S | FI4000369947 | MarketScreener
Technical analysis trends CITYCON OYJ
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 6
Average target price 6,35 €
Last Close Price 7,90 €
Spread / Highest target 7,59%
Spread / Average Target -19,7%
Spread / Lowest Target -44,4%
EPS Revisions
Managers and Directors
NameTitle
F. Scott Ball Chief Executive Officer
Chaim K. Katzman Chairman
Henrica Ginström Chief Operating Officer
Eero Sihvonen Chief Financial Officer, Executive VP & IR Contact
Kirsi Simola-Laaksonen Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
CITYCON OYJ-0.38%1 700
SCENTRE GROUP5.04%11 678
AEON MALL CO., LTD.0.47%3 748
VINCOM RETAIL16.88%3 617
ARABIAN CENTRES COMPANY LIMITED-4.19%3 039
PLAZA S.A.2.56%3 032