Citycon Oyj Stock Exchange Release 13 June 2005 at 4.15
Citycon Oyj to repay its capital loan 1/1999 prematurely
has decided to repay its capital loan 1999 prematurely on 30 June
loan will be repaid according to the terms and conditions of the loan.
issued on 30 June 1999 a EUR 68 452 486 capital loan to
investors. The loan was originally due to mature on 30 June
2009. The note
holders of the loan will be informed of the prepayment through
an announcement in
Helsingin Sanomat on 15 June 2005.
The prepayment of the
loan will result according to a current estimate in a one
time cost of
approximately EUR 5.5 million that will be charged fully in the
result. Citycon has today announced the issue of a new capital
amount of the new loan is EUR 70 million and its maturity date is 17
2010. After taking into account the above mentioned one time cost the
savings in the financing expenses of Citycon will be approximately EUR
million over the next four years.
For more information, please contact:
Petri Olkinuora, CEO
+358 9 6803 6738 or +358 400 333 256
tel. +358 9 6803 6730 or +358 50 3022
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