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Citycon Settlement Delay Is To Update Prospectus To Reflect Outlook Change

REAL ESTATE

  • BBG reports that the Citycon CFO has clarified via email that the roughly two daysettlement delay comes because the outlook change is “important” information to investors and the company will file a supplement to the bond prospectus containing this new information.
  • “Technically this means that we need to delay the settlement to allow sufficient time for the supplement to be filed to the Irish stock exchange, and for it to be published accordingly”.
  • Spreads have continued to widen with their EUR 28s and the delayed EUR 29s now +6bps DoD.

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