YIT Corporation issues an unsecured EUR 50 million bond as a private placement targeted to three domestic institutional investors. The bond matures on March 24, 2021, and carries a coupon of 5.500%. The bond has a call-option and a covenant, according to which the equity ratio (IFRS) has to be at least 25.0%.
”The proceeds from the bond issue are used to refinance debt maturing in 2016. The bond also strengthens our maturity profile”, says Group Treasurer Jukka Kalliomäki.
SEB acts as the coordinator and the lead manager for the transaction.
For further information, please contact:
Sanna Kaje, Vice President, Investor Relations and M&A, YIT Corporation, +358 50 390 6750, email@example.com
Jukka Kalliomäki, Group Treasurer, YIT Corporation, +358 50 313 3228, firstname.lastname@example.org
Vice President, Investor Relations and M&A
Distribution: NASDAQ OMX, major media, www.yitgroup.com
YIT is a construction industry leader that creates sustainable urban environments by constructing housing, business premises, infrastructure and entire areas. We focus on providing a first-class customer experience, high quality and continuous development of our diverse expertise. Our operating area covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. Our vision is to stay one step ahead – while caring for our customers, partners and personnel. We have over 5,300 employees in eight countries. In 2015, our revenue amounted to nearly EUR 1.7 billion. Our share is listed on Nasdaq OMX Helsinki. www.yitgroup.com