YIT issues a EUR 50 million bond
YIT CORPORATION Investor News March 17, 2016 at 2:00 p.m.YIT Corporation issues an unsecured EUR 50 million bond as a private placement targeted to three domestic institutional investors. The bond matures on March 24, 2021, and carries a coupon of 5.500%. The bond has a call-option and a covenant, according to which the equity ratio (IFRS) has to be at least 25.0%. ”The proceeds from the bond issue are used to refinance debt maturing in 2016. The bond also strengthens our maturity profile”, says Group Treasurer Jukka Kalliomäki. SEB acts as the coordinator and the lead manager for the