Shearman & Sterling advised Citycon Oyj (Citycon) in connection with its issuance of  €300 million 2.375 percent guaranteed notes due 2027 and tender offer for up to €300 million of its outstanding notes.

The notes were issued on September 3, 2018 by Citycon’s wholly owned subsidiary, Citycon Treasury B.V., and guaranteed by Citycon under its €1.5 billion Euro Medium Term Note Programme.

Citycon is a leading owner, manager and developer of urban grocery-anchored shopping centers in the Nordic and Baltic regions, managing assets that total approximately €4.5 billion and with market capitalization of approximately €1.7 billion. Citycon is the number-one shopping center in Finland and among the market leaders in Norway, Sweden and Estonia.