London, 19 May 2014 -- Moody's Investors Service has today placed on review for upgrade the Baa3 senior unsecured long-term issuer rating of Citycon Oyj and the company's Baa3 senior unsecured 3.75% notes due 2020. The rating action follows the announcement of Citycon's plans to raise approximately EUR400 million in new equity capital via two successive share issues and to apply approximately EUR300 million towards the reduction of debt.

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