Regenero, a JV formed by YIT and HGR, to finance a real estate development project in Keilaniemi via a EUR 100 million bond issue
YIT Corporation Investor News May 31, 2018 at 4:00 p.m.Keilaniemen kiinteistökehitys Oy, a wholly owned subsidiary of Regenero, a joint venture formed by YIT and HGR Property Partners, issues a senior secured bond of EUR 100 million on May 31, 2018. The bond matures in May 2021 and carries a coupon of 4.000% per annum. The bond issue is the first large real estate development bond in Finland, and its proceeds will be used for repaying acquisition debt and property development, including renovation and refurbishment of the existing premises as well as commercial development leveraging on the