Listing prospectus for YIT’s EUR 100 million secured green notes is available and the amendments to the terms of EUR 100 million green notes 2026 have become effective

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH CIRCUMSTANCES IN WHICH THE OFFERING OF THE NEW NOTES OR THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Listing prospectus for YIT’s EUR 100 million secured green notes is available and the amendments to the terms of EUR 100 million green notes 2026 have become effective

YIT Corporation (“YIT”) announced on 11 June 2024 its decision to issue EUR 100 million green floating rate senior secured notes (the “New Notes”). The New Notes mature on 18 June 2027 and they carry a margin of 7,50 per cent per annum over 3 months Euribor. The issue price of the New Notes is 100 per cent.

The Finnish Financial Supervisory Authority has today approved the listing prospectus of the New Notes. The prospectus is available later today in English on YIT’s website at https://www.yitgroup.com/en/investors/financial-information.

YIT has today submitted an application for the New Notes to be admitted to trading on the list of sustainable bonds of Nasdaq Helsinki Ltd. Trading on the New Notes is expected to commence on or about 20 June 2024, under the trading code YITJVAIH27.

Furthermore, YIT announces that the effective date under the notice of written procedure dated 3 June 2024 concerning the written procedure for YIT’s EUR 100,000,000 senior green fixed rate notes due 2026 (ISIN: FI4000496302) (“2026 Notes”) has occurred, and the requested amendments to the terms and conditions of the 2026 Notes that were approved in the written procedure have become effective today, 18 June 2024. In accordance with the notice of written procedure, YIT shall pay each holder of the 2026 Notes registered on 26 June 2024 as direct registered owner or nominee on the list of holders of the 2026 Notes maintained by Euroclear Finland Oy a consent fee (the “Consent Fee”) in an amount equal to 0.30 per cent of the nominal amount of each 2026 Note and, in addition to the Consent Fee, an early bird consent fee (“Early Bird Consent Fee”) to each relevant holder of the 2026 Notes in an amount equal to 0.20 per cent of the nominal amount of all 2026 Notes voted by such noteholder for which a valid voting instruction was submitted to Intertrust (Finland) Oy acting as the agent for the holders’ of the 2026 Notes prior to 15:00 (Finnish time) on 10 June 2024. The payment of the Consent Fee and the Early Bird Consent Fee shall be made on 27 June 2024 at the latest.

Danske Bank A/S, Nordea Bank Abp and OP Corporate Bank plc act as Global Coordinators and Joint Bookrunners and Skandinaviska Enskilda Banken AB (publ) and Swedbank AB (publ) act as Joint Bookrunners for the issue of the New Notes.  

Further information, please contact:

Markus Pietikäinen, SVP, Treasury and M&A, YIT Corporation, tel. +358 40 525 3024, markus.pietikainen@yit.fi

YIT CORPORATION

Tuomas Mäkipeska
CFO

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

YIT is a leading construction and development company. Building on over 110 years of experience, we develop and build sustainable living environments: functional homes, future-proof public and commercial buildings, and infrastructure to support the green transition. We employ approximately 4,300 professionals in eight countries. Our revenue in 2023 was EUR 2.2 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.  

Read more: www.yitgroup.com and follow us on Linkedin I X I Instagram I Facebook

Important Information

The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or such other countries or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the New Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. No actions have been taken to register or qualify the New Notes, or otherwise to permit a public offering of the New Notes, in any jurisdiction.

This communication does not constitute an offer of New Notes for sale in the United States. The New Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or under the applicable securities laws of any state of the United States, and the New Notes may not be offered, sold, pledged or otherwise transferred, directly or indirectly, within the United States or to, or for the account or benefit of, any U.S. person (as such terms are defined in Regulation S under the Securities Act) except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

This communication does not constitute an offer of New Notes to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the New Notes. Consequently, this communication is addressed to and directed only at persons in the United Kingdom in circumstances where provisions of section 21(1) of the Financial Services and Markets Act 2000 as amended, do not apply and are solely directed at persons in the United Kingdom who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”), (ii) are persons falling within Article 49(2)(a) to (d) of the Order, or (iii) are other persons to whom it may be otherwise lawfully communicated (all such persons together being referred to as “relevant persons”). This release is directed only at relevant persons and any person who is not a relevant person must not act or rely on this release or any of its contents.