DOCSLIB.ORG

The Royal Bank of Scotland Plc Announces Results of Its Invitation to Offer to Exchange Certain Existing Canadian Dollar, U.S

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The Royal Bank of Scotland Plc Announces Results of Its Invitation to Offer to Exchange Certain Existing Canadian Dollar, U.S NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION TO ANY U.S. PERSON OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (THE “UNITED STATES”), THE KINGDOM OF BAHRAIN, SAUDI ARABIA, LEBANON OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT 8 March 2012 THE ROYAL BANK OF SCOTLAND PLC ANNOUNCES RESULTS OF ITS INVITATION TO OFFER TO EXCHANGE CERTAIN EXISTING CANADIAN DOLLAR, U.S. DOLLAR, EURO AND SWISS FRANC DENOMINATED SUBORDINATED NOTES AND PRICING RELATING TO THE NEW CANADIAN DOLLAR, U.S. DOLLAR, EURO AND SWISS FRANC DENOMINATED SUBORDINATED NOTES Further to the announcement dated 28 February 2012 and in accordance with the Exchange Offer Memorandum of the same date (the “Exchange Offer Memorandum”), The Royal Bank of Scotland plc (the “Issuer”) hereby announces the results of the Exchange Offer to holders of the Existing Notes other than the Australian Dollar Existing Notes (as described in the announcement dated 28 February 2012). Capitalised terms used in this announcement but not defined herein have the meanings given to them in the Exchange Offer Memorandum. Exchange Offer Pricing and Results Save in relation to the Australian Dollar Existing Notes which are expected to be the subject of a separate later announcement, the Issuer today announces that it has accepted Offers to Exchange pursuant to the Exchange Offer with a face value of approximately £2,613m equivalent. The pricing and results of the Exchange Offer are as follows: ISIN Issuer Curr. Current Amount First Call Reset Maturity Exchange Exchange Aggregate Minimum Accrued Coupon Outstanding Date/ Coupon Date Price Ratio Principal Amount Denomination Interest (m) Reset Date of Series Per Accepted 100,000 Principal Amount* XS0180946906 The EUR 3 month €500 28 January N/A - 28 January 86.00% 0.861162 EUR273,449,000 €1,000 254.53 Royal EURIBOR 2011 Reset 2016 Bank of +85 bps Date Scotland already plc occurred XS0259579547 The EUR 3 month €500 30 January N/A - 30 January 82.50% 0.826115 EUR397,550,000 €50,000 241.76 Royal EURIBOR 2012 Reset 2017 Bank of +75 bps Date Scotland already plc occurred XS0223318501 The USD 3 month U.S.$750 29 N/A - 29 86.00% 0.863705 USD428,000,000 U.S.$100,000 285.08 Royal U.S.$ September Reset September Bank of LIBOR +74 2010 Date 2015 Scotland bps already plc occurred XS0250214797 The USD 3 month U.S.$1,500 11 April N/A - 11 April 83.50% 0.838597 USD814,264,000 U.S.$100,000 231.20 Royal U.S$. 2011 Reset 2016 Bank of LIBOR +70 Date Scotland bps already plc occurred XS0202629407 The USD 3 month U.S.$500 14 October N/A - 14 October 83.00% 0.833576 USD270,690,000 U.S.$1,000 221.50 Royal U.S.$ 2011 Reset 2016 Bank of LIBOR +78 Date Scotland bps already plc occurred XS0302127625 The USD 3 month U.S.$1,500 29 August 3 month 29 August 81.00% 0.813489 USD1,050,000,000 U.S.$100,000 30.63 Royal U.S.$ 2012 U.S.$ 2017 Bank of LIBOR +20 LIBOR Scotland bps +70 bps plc CA78010XAA96 The CAD 3 month C$700 30 March N/A – 30 March 87.00% 0.870000 CAD483,047,000 C$5,000 422.07 Royal CAD-BA- 2010 Reset 2015 Bank of CDOR +72 Date Scotland bps already plc occurred CH0027811691 The CHF 275 bps CHF200 4 3 month 4 75.00% 0.751819 CHF165,560,000 CHF5,000 779.17 Royal December CHF December Bank of 2012 LIBOR + 2017 Scotland 62 bps plc *The Accrued Interest figures have been provided for illustrative purposes only and are based on holdings of 100,000 in principal amount in the relevant currency. Holders should adjust these figures to determine the amount of Accrued Interest due on their specific holdings, noting (i) that the only rounding will be to the nearest 0.01 per position and (ii) that in some of the series of the Existing Notes, the minimum denomination and therefore actual holdings may be less than 100,000 in principal amount in the relevant currency. Assumes a Settlement Date of 16 March 2012. All Offers to Exchange Canadian Dollar Existing Notes, U.S. Dollar Existing Notes, Euro Existing Notes and Swiss Franc Existing Notes validly submitted to the relevant Exchange Agent by the Expiration Time are accepted in full. In relation to the pricing of the Australian Dollar New Notes and as described in the Exchange Offer Memorandum, the Issuer expects an announcement to be published on a Notifying News Service as soon as reasonably practicable after the Pricing Time of the Australian Dollar New Notes and to make an announcement via RNS at or around 7am London time on Friday 9 March 2012. Holders whose Offers to Exchange are accepted will receive relevant New Notes in an amount (rounded down to the nearest C$1,000, €1,000, CHF1,000 or U.S.$1,000, as applicable) equal to the aggregate principal amount of such Existing Notes accepted for exchange multiplied by the relevant Exchange Ratio (as set out in the table above), subject to the requirement for each Holder to have Offered to Exchange at least the relevant Minimum Existing Holding. Each such Holder will also be entitled to receive an Accrued Interest Payment (as indicated in the table and footnote above) and any Cash Rounding Amount (if applicable). Holders whose Existing Notes Offered for Exchange were not accepted, or who did not participate in the Exchange Offer, will not be eligible to receive New Notes in exchange for such Existing Notes and shall continue to hold such Existing Notes subject to their terms and conditions. Pricing of the New Notes and New Issue Amounts The aggregate principal amount of each series of New Notes to be issued by the Issuer pursuant to the Exchange Offer in exchange for the relevant Series of Existing Notes, and the pricing details thereof, are as follows: Issuer Curr. New Mid- New New New Call Date/ New Notes Reset Maturity New Issue Amount ISIN Notes Swap Notes Notes Notes Optional Coupon Date* Spread Rate Initial Price Yield Redemption Coupon Date* The Royal EUR 9.00% 1.536% 10.500% 99.865% 10.536% 16 March The sum of 16 €563,801,000 XS0753308807 Bank of 2017 (i) 9.00% (being the March Scotland Euro New Notes Spread) 2022 plc and (ii) a reset 5 Year Mid- Swap Rate, expressed on an annualised basis The Royal USD 8.50% 1.110% 9.500% 99.571% 9.610% 16 March The sum of 16 U.S.$2,132,059,000 XS0753308559 Bank of 2017 (i) 8.50% (being the U.S. March Scotland Dollar New Notes 2022 plc Spread) and (ii) a reset 5 Year Mid- Swap Rate 2 The Royal CAD 8.75% 1.750% 10.500% 100.00% 10.500% 16 March The sum of 16 C$420,199,000 CA78010XAL51 Bank of 2017 (i) 8.75% (being the March Scotland Canadian Dollar New 2022 plc Notes Spread) and (ii) a reset 5 Year Mid-Swap Rate The Royal CHF 9.00% 0.438% 9.375% 99.758% 9.438% 16 March The sum of 16 CHF124,452,000 CH0180006097 Bank of 2017 (i) 9.00% (being the March Scotland Swiss Franc New Notes 2022 plc Spread) and (ii) a reset 5 Year Mid- Swap Rate, expressed on an annualised basis * Assuming a Settlement Date of 16 March 2012. Save in relation to the Australian Dollar Existing Notes, the expected Settlement Date of the Exchange Offer is 16 March 2012. Applications will be made for the New Notes to be: (a) in the case of New Notes other than the Swiss Franc New Notes, admitted to the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange’s Regulated Market; and (b) in the case of the Swiss Franc New Notes, admitted to the Standard for Bonds of the SIX Swiss Exchange, in each case pursuant to the Issuer’s EMTN Programme and (other than in the case of the Swiss Franc New Notes) the Drawdown Prospectus and (with respect to the Swiss Franc New Notes) the Swiss Listing Prospectus. The New Notes (other than the Swiss Franc New Notes) will be admitted to trading with effect from (or shortly following) the Settlement Date. The Swiss Franc New Notes will be provisionally admitted to trading with effect from (or shortly following) the Settlement Date, with application for definitive listing to be made as soon as practicable thereafter. The Exchange Offer was made on the terms and subject to the conditions set out in the Exchange Offer Memorandum dated 28 February 2012. The Exchange Offer was not made in the United States or to any U.S. person, nor in the Kingdom of Bahrain, Saudi Arabia or Lebanon, and was also restricted in other jurisdictions, as more fully described in the Exchange Offer Memorandum. Requests for information in relation to the settlement of the Exchange Offer should be directed to the relevant Exchange Agent at the contact details for the relevant Exchange Agent listed below: EXCHANGE AGENTS Lead Exchange Agent in relation to Existing Notes Lucid Issuer Services Limited Leroy House 436 Essex Road London N1 3QP United Kingdom Tel: +44 20 7704 0880 Fax: +44 20 7067 9098 Attention: Sunjeeve Patel/ David Shilson email: [email protected] Canadian Exchange Agent in relation to Canadian Dollar Swiss Exchange Agent in relation to Swiss Franc Existing Existing Notes Notes Equity Financial Trust Company UBS AG 200 University Ave, Suite 400 Bahnhofstrasse 45 Toronto, Ontario CH-8001 Zurich, Switzerland 3 M5H 4H1 Attention: OY79 (Corporate Actions) Canada Tel: +41 44 235 64 26 Tel: +1 416 361 0930 Fax: +41 44 236 10 55 email: mara.dimattiapicinelli@ Fax:+1 416 361 0470 ubs.com email: [email protected] DEALER MANAGER AND STRUCTURING ADVISOR The Royal Bank of Scotland plc 135 Bishopsgate London EC2M 3UR United Kingdom In Europe Tel: +44 20 7085 8056/+44 20 7085 9972 Attention: Andrew Burton/Fiona Muntz email: [email protected] In Australia Tel: +61 2 8259 5551 Attention: Peter Dalton email: [email protected] DEALER MANAGERS In Europe In Europe J.P.
Load more

Recommended publications
  • The Royal Bank of Scotland Plc
    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION TO ANY U.S. PERSON OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (THE “UNITED STATES”), THE KINGDOM OF BAHRAIN, SAUDI ARABIA, LEBANON OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT (SEE "OFFER RESTRICTIONS" BELOW) 28 February 2012 THE ROYAL BANK OF SCOTLAND PLC ANNOUNCES AN INVITATION TO OFFER TO EXCHANGE CERTAIN EXISTING CANADIAN DOLLAR, AUSTRALIAN DOLLAR, US DOLLAR, EURO AND SWISS FRANC DENOMINATED SUBORDINATED NOTES FOR NEW CANADIAN DOLLAR, AUSTRALIAN DOLLAR, US DOLLAR, EURO AND SWISS FRANC DENOMINATED SUBORDINATED NOTES The Royal Bank of Scotland plc (the “Issuer”) has today invited all holders (subject to the Offer Restrictions set out below) of the existing subordinated notes listed below (the “Existing Notes”) to Offer to Exchange, on the terms and subject to the conditions set out in the Exchange Offer Memorandum dated 28 February 2012 (the “Exchange Offer Memorandum”), any or all of their outstanding Existing Notes for the relevant dated subordinated new notes listed below (the “New Notes”). Copies of the Exchange Offer Memorandum are (subject to distribution restrictions) available from the Dealer Managers and the Exchange Agents as set out below. Capitalised terms used in this announcement but not defined herein have the meanings
    [Show full text]
  • Italy Fiscal Requirements 2019
    Oracle® Retail MICROS Stores2 Italy – Fiscal Requirements 2019 Release 1.39.6 March 2019 Contents Introduction ............................................................................................................................................ 3 Overview .................................................................................................................................... 3 Registratore telematico (RT) ................................................................................................................... 4 Overview .................................................................................................................................... 4 Configuration ............................................................................................................................. 4 Cash registers .................................................................................................................................. 4 Workstation .................................................................................................................................... 5 Store ................................................................................................................................................ 5 Miscellaneous ............................................................................................................................ 6 Behavior .........................................................................................................................................
    [Show full text]
  • Section 7 Policies
    Section 7 Policies Introduction ............................................................................................298 Significance and Engagement Policy ....................................................299 Revenue and Financing Policy ..............................................................304 Treasury Management Policy ................................................................322 Development and Financial Contributions Policy ..................................359 Remission and Postponement of Rates Policies ...................................372 POLICIES 297 Introduction This section contains key Council policies related • Development and Financial Contributions • Remission and Postponement of Rates to our long-term planning, key financial matters Policy Policies and decision-making processes. The Development and Financial Contributions For some types of property and for people • Significance and Engagement Policy Policy explains how the New Plymouth District experiencing hardship the Council may remit Council will use development contributions rates, or postpone rates payments. This policy The Significance and Engagement Policy sets to recover from those persons undertaking describes under what circumstances this will out how the Council assesses the importance development a fair, equitable and proportionate occur. of a matter requiring a decision and how the portion of the total cost of capital expenditure community will be involved in the decision- necessary to service growth in the district. The full range
    [Show full text]
  • ANNUAL REPORT 2018 the Annual Publication
    2, Sanapiro Str., Tbilisi 0114, Georgia Tel.: (995 32) 2 406 488; Fax: (995 32) 2 406 577 ANNUAL REPORT Hot line: (995 32) 2 406 406 E-mail: [email protected]; www.nbg.ge National Bank of Georgia ANNUAL REPORT 2018 The annual publication ISSN 1512-1739 The Governor of the National Bank of Georgia Koba Gvenetadze was awarded with the Best Central Banker of 2018 Award by Global Finance CONTENTS Abbreviations ................................................................................................................8 Introduction...................................................................................................................9 1. Macroeconomic Environment.........................................................................................19 1.1 World Economy..............................................................................................20 1.2 The External Sector and Balance of Payments............................................................23 1.3 Economic Growth............................................................................................35 1.4 Inflation......................................................................................................38 2 Monetary and foreign exchange policy................................................................................45 2.1 Monetary policy.............................................................................................46 2.2 Monetary Policy Instruments...............................................................................54
    [Show full text]
  • Offer to Exchange Confidential Distribution Restricted
    OFFER TO EXCHANGE CONFIDENTIAL DISTRIBUTION RESTRICTED GE CAPITAL INTERNATIONAL FUNDING COMPANY Offer to Exchange New Notes for the Old Notes listed below under the heading “Exchange Offers Summary Tables” Upon the terms and subject to the conditions set forth in this Offer to Exchange, GE Capital International Funding Company, a newly formed finance subsidiary (the “Issuer”) of General Electric Capital Corporation (“GECC”), is offering to exchange (the “Exchange Offers”) the new notes described herein (collectively, the “New Notes”) for the outstanding debt securities listed herein under the heading “Exchange Offers Summary Tables” (collectively, the “Old Notes”). The New Notes will be issued by the Issuer and will be guaranteed (the “Guarantees”) by both General Electric Company (“GE”) and GECC (the “Guarantors”). Upon completion of the Reorganization described herein, the Issuer will become a subsidiary of GE Capital International Holdings (as defined herein), the obligations of GECC as Guarantor will be assumed by GE Capital International Holdings and GECC will merge with and into GE. See “Description of the New Notes.” The Old Notes were issued by GECC and are guaranteed by GE. In the case of the Par for Par Exchange Offers (as defined herein) the Total Exchange Consideration will also include a cash payment. Each Eligible Holder (as defined herein) whose Old Notes are accepted for exchange will receive a cash payment representing accrued and unpaid interest, if any, to but not including the Settlement Date (as defined herein). THE EXCHANGE OFFERS WILL EXPIRE AT 11:59 P.M., NEW YORK CITY TIME, ON OCTOBER 19, 2015, UNLESS EXTENDED BY US (SUCH DATE AND TIME AS THEY MAY BE EXTENDED BY US, THE “EXPIRATION DATE”).
    [Show full text]
  • Organic Law of Georgia on the National Bank Of
    ORGANIC LAW OF GEORGIA ON THE NATIONAL BANK OF GEORGIA Chapter I − General Provisions Article 1 – The National Bank of Georgia 1. The National Bank of Georgia (‘the National Bank’) is the central bank of Georgia, the bank of banks, the banker and the fiscal agent of the Government of Georgia. It is a legal entity under public law. In its activity, the National Bank is guided by the Constitution of Georgia, this Organic Law, and the legislation of Georgia and relies on the procedures and customs accepted in international banking practice. It has the right to independently enter into contracts, independently purchase immovable and movable property, own and dispose of it, appear as a plaintiff and a defendant, and independently perform the functions assigned to it. 2. (Deleted). 3. The National Bank shall be founded by the highest representative body of Georgia. 4. The National Bank shall be located in Tbilisi. Organic Law of Georgia No 2828 of 23 March 2010 − LHG I, No 19, 13.4.2010, Art. 102 Article 2 − Definition of terms The terms used in this Law have the following meanings: a) financial sector representative − a commercial bank, non-bank depository institution, brokerage company, independent securities registrar, asset management company, central depository, specialised depository, stock exchange, microfinance organisation, founder of a non-state pension scheme, payment system operator, payment service provider, publicly accountable enterprise, foreign currency exchange office; b) financial sector − a unity of financial sector representatives;
    [Show full text]
  • Lloyds Tsb Bank Plc Exchange Offer Pricing and Results Relating to the Existing Canadian Dollar, Us Dollar, Euro and Sterling Capital Securities
    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION TO ANY U.S. PERSON OR IN OR INTO THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT (SEE "OFFER RESTRICTIONS" BELOW) 12 December 2011 LLOYDS TSB BANK PLC EXCHANGE OFFER PRICING AND RESULTS RELATING TO THE EXISTING CANADIAN DOLLAR, US DOLLAR, EURO AND STERLING CAPITAL SECURITIES Further to the announcement dated 1 December 2011 and in accordance with the Exchange Offer Memorandum of the same date, Lloyds TSB Bank plc (the “Issuer”) hereby announces the results of the Exchange Offer to holders of the Existing Notes other than the Australian Dollar Existing Notes (as described in the announcement dated 1 December 2011). Exchange Offer Results The results of the Exchange Offer are as follows: ISIN Issuer Curr. Current Amt. O/S Capital First Call Reset Coupon Maturity Exchange Exchange Aggregate Principal Coupon (m) Type Date/ Date Price Ratio Amount of Existing Reset Notes Accepted Date XS0249026682 HBOS plc EUR 3 month €500 Lower 29 March N/A Reset Date 29 March 77.50 0.775255 €263,161,000 EURIBOR + Tier 2 2011 already 2016 67.5bps occurred XS0195810717 Lloyds TSB EUR 3 month €500 Lower 11 July N/A Reset Date 11 July 2016 77.25 0.772755 €292,651,000 Bank plc EURIBOR + Tier 2 2011 already 80bps occurred XS0192560653 HBOS plc EUR 3 month €500 Lower
    [Show full text]
  • UBS Equity Goals Information Memorandum Dated
    � Information Memorandum 24 April 2019 UBS Equity Goals Offered under the UBS Australia AUD 10,000,000,000 Structured Note Program � Information Memorandum – Part 1 24 April 2019 UBS Australia AUD 10,000,000,000 Structured Note Program Issuers: UBS AG, acting through its Australia Branch or such other of its branches outside of Switzerland UBS Investments Australia Pty Ltd (arranged by UBS Securities Australia Limited) Table of Contents Section 1 – Important Notice 1 Section 2 – Selling Restrictions 6 Section 3 – Documents incorporated by reference 9 Section 4 – Summary of the Program 10 Section 5 – Description of the Issuers, Arranger, Guarantor and the Guarantee 16 Section 6 – General Risk Factors 20 Section 7 – Taxation Summary 27 Section 8 – General Conditions 32 Section 1 – Important Notice Issuers This document relates to a debt issuance program ("Program") established by UBS AG and UBS Investments Australia Pty Ltd (ABN 79 002 585 677) ("UBSIA"). UBS AG may act through its Australia Branch (ABN 47 088 129 613, AFSL 231087) or any of its other branches outside of Switzerland as it may from time to time determine. The Issuers are issuers of notes up to the then applicable Program Amount (as defined in the section entitled “Summary of the Program” below) under the Program (together referred to as "Notes"). UBS AG and UBSIA are together referred to as the "Issuers" and each an "Issuer". The Issuers together with their subsidiaries are referred to as “UBS AG Group”. Issuer’s responsibility This document has been prepared by, and issued with the authority of, the Issuers.
    [Show full text]
  • Hansard in the Other Place
    1 Leave of Absence 2017.06.22 SENATE Thursday, June 22, 2017 The Senate met at 2.30 p.m. PRAYERS [MADAM PRESIDENT in the Chair] LEAVE OF ABSENCE Madam President: Hon. Senators, I have granted leave of absence to Sen. Allyson Baksh and Sen. Dr. Dhanayshar Mahabir, both of whom are out of the country, and to Sen. H.R. Ian Roach who is ill. SENATORS’ APPOINTMENT Madam President: Hon. Senators, I have received the following correspondence from His Excellency the President, Anthony Thomas Aquinas Carmona, O.R.T.T., S.C.: “THE CONSTITUTION OF THE REPUBLIC OF TRINIDAD AND TOBAGO By His Excellency ANTHONY THOMAS AQUINAS CARMONA, O.R.T.T., S.C., President of the Republic of Trinidad and Tobago and Commander-in-Chief of the Armed Forces. /s/ Anthony Thomas Aquinas Carmona O.R.T.T., S.C. President. TO: MR. NIKOLI EDWARDS WHEREAS Senator Dhanayshar Mahabir is incapable of performing his duties as a Senator by reason of his absence from Trinidad and Tobago: UNREVISED 2 Senators’ Appointment 2017.06.22 NOW, THEREFORE, I, ANTHONY THOMAS AQUINAS CARMONA, President as aforesaid, in exercise of the power vested in me by section 44(1)(a) and section 44(4)(c) of the Constitution of the Republic of Trinidad and Tobago, do hereby appoint you, NIKOLI EDWARDS, to be temporarily a member of the Senate with effect from 22nd June, 2017 and continuing during the absence from Trinidad and Tobago of the said Senator Dhanayshar Mahabir. Given under my Hand and the Seal of the President of the Republic of Trinidad and Tobago at the Office of the President, St.
    [Show full text]
  • Petróleos Mexicanos (A Productive State-Owned Company of the Federal Government of the United Mexican States)
    Petróleos Mexicanos (A Productive State-Owned Company of the Federal Government of the United Mexican States) GROUP A WATERFALL OFFERS OFFERS TO EXCHANGE THE OUTSTANDING SECURITIES OF THE SERIES LISTED BELOW FOR UP TO U.S. $1.0 BILLION PRINCIPAL AMOUNT OF 5.950% NOTES DUE 2031 (the “New 2031 Notes”) Principal Amount of New Principal Amount of New 2031 Series of Group A Principal Amount Acceptance 2031 Notes Offered as Late Early Participation Notes Offered as Early Waterfall Securities(1) Outstanding Priority Level Participation Consideration(2) Premium(2) Participation Consideration(2)(3) 5.500% Notes due 2021 U.S. $1,102,385,000 1 U.S. $982.66 U.S. $50.00 U.S. $1,032.66 6.375% Notes due 2021 U.S. $366,023,000 2 U.S. $992.47 U.S. $50.00 U.S. $1,042.47 4.875% Notes due 2022 U.S. $790,083,000 3 U.S. $995.00 U.S. $50.00 U.S. $1,045.00 Floating Rate Notes due 2022 U.S. $568,468,000 4 U.S. $1,000.00 U.S. $50.00 U.S. $1,050.00 5.375% Notes due 2022 U.S. $609,655,000 5 U.S. $1,006.50 U.S. $50.00 U.S. $1,056.50 3.500% Notes due 2023 U.S. $1,360,915,000 6 U.S. $970.00 U.S. $50.00 U.S. $1,020.00 4.625% Notes due 2023 U.S. $1,019,571,000 7 U.S. $1,009.00 U.S.
    [Show full text]
  • Newswire April 11__2018.Pdf
    OUR UPCOMING WORKSHOPS! WORKSHOP DATE COUNTRY Liquidity Risk Management in Banks 17th & 18th May 2018 Trinidad and Tobago SME eSmart- Powering Your Potential Find out more today by calling: (868)-627-8879 ext. 228 or email: [email protected] Latest Rating Actions by CariCRIS ▪ Eastern Credit Union’s rating downgraded to CariBBB- ▪ Government of the British Virgin Islands’ rating reaffirmed at CariAA- ▪ Republic Bank Limited’s rating reaffirmed at CariAA+ ▪ The Pegasus Hotels of Guyana Limited’s initial rating assigned at CariBBB- ▪ Sagicor Life Jamaica Limited’s rating reaffirmed at jmAAA ▪ NCB Capital Markets Limited’s initial issue rating assigned at CariBBB- ▪ Government of Barbados rating downgraded to CariBBB- ▪ Saint Lucia Electricity Services Limited’s rating reaffirmed at CariBBB ▪ Endeavour Holdings Limited’s rating reaffirmed at CariA+ ▪ Gulf City Limited’s rating reaffirmed at CariA+ ▪ National Flour Mills Limited’s rating reaffirmed to CariA- ▪ Telecommunications Services of Trinidad and Tobago Limited’s rating reaffirmed to CariA ▪ Colonial Fire and General Insurance Company Limited’s initial rating assigned at CariA Please visit our website at www.caricris.com for the detailed Rationales on these and other ratings Benefits of a CariCRIS Rating for a Bond Issue: • Widen the range of possible investors to ensure success of the issue • Help investors to determine if the bond issue is a wise investment • Provide a clear understanding of the creditworthiness of the issuing firm and the factors that will impact its performance • Utilise a standardised system in order to compare the credit quality of one bond issue relative to another CariCRIS’ credit ratings and daily Newswire can also be found on the Bloomberg Professional Service.
    [Show full text]
  • THE REPUBLIC of TURKEY Citigroup Goldman
    PROSPECTUS SUPPLEMENT (to Prospectus, dated August 10, 2006) THE REPUBLIC OF TURKEY Invites the holders of 11.375% Notes due 2006, 10% Notes due 2007, 10.5% Notes due 2008, 9.875% Notes due 2008, 12% Notes due 2008, 12.375% Notes due 2009 and 11.75% Notes due 2010 to submit, in a modified Dutch auction, such notes (“old notes”) in exchange for Notes due 2016 (the “2016 Notes”) (this transaction, as contemplated by this prospectus supplement, the accompanying prospectus and, if applicable, the related letters of transmittal, is referred to as the “ invitation ”). Offering for Cash of Notes due 2016 (the offering for cash is referred to as the “ cash offering ” and, together with the invitation, as the “ global note offering ”). THE INVITATION WILL COMMENCE TODAY, SEPTEMBER 6, 2006, AND EXPIRE AT 11 A.M. (NEW YORK CITY TIME) ON SEPTEMBER 13, 2006, UNLESS EXTENDED OR EARLIER TERMINATED. THE REPUBLIC OF TURKEY REFERS TO THIS DATE, AS SO EXTENDED OR EARLIER TERMINATED, AS THE “EXPIRATION DATE.” The 2016 Notes will contain provisions regarding acceleration and future modifications to their terms that differ from those applicable to much of The Republic of Turkey’s outstanding public external indebtedness, including the old notes. Under these provisions, which are described in the sections entitled “Description of the 2016 Notes — Default; Acceleration of Maturity” and “— Amendments and Waivers” in this prospectus supplement and “Collective Action Securities” in the accompanying prospectus, The Republic of Turkey may amend the payment provisions of the 2016 Notes and certain other terms with the consent of the holders of not less than 75% of the aggregate principal amount of the outstanding 2016 Notes.
    [Show full text]