Green Bond Fact Sheet

This fact sheet from the Climate Bonds Initiative details a EUR 350 million perpetual green bond issued by Citycon on November 22, 2019, to fund environmental improvements in urban shopping centres.

• Citycon issued a perpetual senior unsecured green bond on November 22, 2019, with a total amount of EUR 350 million (approximately USD 388 million).
• The proceeds of the bond are allocated to improving the environmental performance and climate mitigation of buildings across four categories: green buildings (certified LEED Gold or BREEAM Very Good minimum, NZEBs, or EPC class A), energy efficiency (lighting, HVAC, green roofs, or EV charging), renewable energy (primarily solar panels), and waste management (recycling and disposal).
• The eligible asset pool for the bond is estimated at EUR 2.7 billion, consisting of 97% existing buildings, 2.7% new construction, and 0.3% solar installations.
• Citycon has established a net neutrality goal for 2030 and has committed to publishing annual reports on its website covering impact indicators and the use of proceeds.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-11%20FI%20Citycon.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-11%20FI%20Citycon.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=19 December 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-11%20FI%20Citycon.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2019}, month = dec, url = {https://www.climatebonds.net/files/drupal-files/files/2019-11%20FI%20Citycon.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }