YIT has repaid its EUR 100 million fixed rate unsecured senior bond

YIT Corporation    Stock exchange release    July 8, 2019 at 11:00 a.m.

YIT has repaid its EUR 100 million fixed rate unsecured senior bond 

YIT has today repaid its EUR 100 million fixed rate unsecured senior bond (ISIN code FI4000100508) on the maturity date of the bond. The repayment was financed with liquid funds and commercial papers.

This repayment is part of the integration activities following the merger of YIT and Lemminkäinen, with the aim to reduce financial costs while at the same time preserving versatile funding sources in the loan portfolio.

For further information, please contact: 

Tiina Kuusisaari, Manager, Investor Relations, YIT Corporation, tel. +358 40 5288 154, tiina.kuusisaari@yit.fi

YIT CORPORATION

Hanna Jaakkola
Vice President, Investor Relations

Distribution: Nasdaq Helsinki, major media, www.yitgroup.com

YIT is the largest Finnish and significant North European construction company. We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers, our nearly 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 2018 was approximately EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com