YIT issues a EUR 100 million bond

STOCK EXCHANGE RELEASE                   MARCH 16, 2015 AT 5:00 P.M.


YIT issues a EUR 100 million bond 

YIT Corporation issues an unsecured EUR 100 million bond as a private placement targeted to two domestic institutional investors. The bond matures on March 25, 2020, and carries a coupon of 6.25%. The bond has a call-option and a covenant, according to which the equity ratio (IFRS) has to be at least 25.0%.

”The repayment of long-term debt maturing in 2015 has now been secured with the strong cash flow in the last quarter of 2014 and the proceeds from the bond issue”, says Group Treasurer Jukka Kalliomäki.

Danske Bank acts as the coordinator and together with Handelsbanken Capital Markets as the lead manager for the transaction.  


For further information, please contact:

Sanna Kaje, Vice President, Investor Relations, YIT Corporation, +358 50 390 6750, sanna.kaje@yit.fi
Jukka Kalliomäki, Group Treasurer, YIT Corporation, +358 50 313 3228, jukka.kalliomaki@yit.fi




Sanna Kaje
Vice President, Investor Relations


Distribution: NASDAQ OMX, Major media, www.yitgroup.com

YIT is a construction industry leader. We create better living environments in Finland, Russia, the Baltic countries, the Czech Republic and Slovakia. Over 100 years of experience have secured us a strong market position: we are the largest housing developer and one of the largest business premises and infrastructure developers in Finland, and the most significant foreign housing and area developer in Russia. Our vision is to stay one step ahead – while taking care of our customers, partners and personnel. We have nearly 6,000 employees in seven countries. In 2014, our revenue amounted to around EUR 1.8 billion. Our share is listed on NASDAQ OMX Helsinki. www.yitgroup.com


About Us

YIT is the largest Finnish and significant North European construction company. We develop and build apartments, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers our 10,000 professionals are creating more functional, more attractive and more sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, the Baltic States, the Czech Republic, Slovakia and Poland. The new YIT was born when over 100-year-old YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. Our pro forma revenue for 2017 was over EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com