Milbank LLP advised Citycon on its €300 million offering of 5-year 6.500% green notes due 2029 (the “Green Notes”) and tender offer to purchase for cash any and all of its €310 million 2.50% notes due 2024. The Green Notes were issued under the EUR 2.5 billion EMTN recently established by Citycon with the assistance of Milbank, and were admitted to listing on the regulated market of the Irish Stock Exchange, Euronext Dublin.
Citycon is a leading owner, manager and developer of mixed-use real estate featuring modern, necessity-based retail with residential, office and municipal service spaces that enhance the communities in which they operate. Citycon is committed to sustainable property management in the Nordic region with assets that total approximately EUR 4 billion. Citycon’s centers are located in urban hubs in the heart of vibrant communities with direct connections to public transport and anchored by grocery, healthcare and other services that cater to the everyday needs of customers.
The Milbank team was led by Corporate Finance & Securities partner David Dixter and associates Alexia Pimbli and Federica Venegoni.
