DOCSLIB.ORG

Newswire April 11__2018.Pdf

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read 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. REGIONAL Trinidad and Tobago Clico Fund ends day at $20.16 Overall market activity resulted from trading in 16 securities of which five advanced, four declined and seven traded firm. One cent coin no more Over the next few months, you can expect to see less one cent pieces as you go about your financial transactions. EOG Resources oil, gas output up...company drilled 7 new wells in 2017 Days before a delegation from Houston-based EOG Resources Inc. met with Prime Minister Dr Keith Rowley on March 7 in Port of Spain, the executives had told New York Stock Exchange (NYSE) investors (February 28) the company outperformed in Trinidad and Tobago, with average daily oil and gas production higher than anticipated. Barbados Grow what you eat seminar on best crops for environment As part of its efforts to encourage Barbadians to grow and eat what is produced on their own land, the Rural Development Commission (RDC) will be conducting its first ever Grow What You Eat Seminar on Wednesday, April 18. Jamaica $100 million for tourism curriculum at schools In a move geared towards providing certification for the hospitality workforce, the Ministry of Tourism and the Ministry of Education, Youth and Information have agreed to put aside some $100 million to establish a tourism curriculum for secondary schools, starting September. Jamaica continued Mandeville opens route for Canadians to buy JSE stocks In an effort to increase investment from the Diaspora, Michael Lee-Chin- founded Canadian brokerage firm Mandeville Private Client Inc has developed trade execution and custody infrastructure that will support the purchase of securities listed on the Jamaica Stock Exchange (JSE) by investors living in Canada. Tourism boom for Kingston Tourism Minister Edmund Bartlett on Monday announced that Jamaica welcomed over 50,000 tourists in the first week of April, ahead of the island's carnival celebrations. Business confidence takes a reality check Pollster Don Anderson yesterday described the latest survey of business and consumer confidence as “a reality check” following a 6.1 index points dip in business confidence. JPS takes bigger stake in South Jamaica Power Power utility Jamaica Public Service Company JPS, more than doubled its stake in the joint venture handling construction of its power plant in Old Harbour, in order to meet state requirements. Guyana US$15M may not be enough – to cover legal fees in Guyana-Venezuela case, says Greenidge No part of the US$15M set aside by the Guyana government to pay the legal team representing it at the International Court of Justice (ICJ), in the Guyana-Venezuela border controversy has been used. The Bahamas Euro Blacklisting to End This Week? The Bahamas could be removed from the European Union’s (EU) ‘blacklist’ as early as this Thursday, with the Government hoping to at least get “an indication” of delisting progress. Tourism Targets Latin American Expansion The Ministry of Tourism has brought Latin America to the Bahamas through a recent familiarisation trip for journalists. British Virgin Islands BVITB undertakes territory-wide greening initiative Underscoring the importance of the environment to the territory’s lifeblood, the BVI Tourist Board (BVITB) is gearing up to spearhead a major greening initiative. Dominica Dominica’s hurricane recovery efforts boosted by voluntourism program Electricity is returning, houses have been rebuilt and major attractions like Trafalgar Falls and the Emerald Pool have been officially declared open. Now, the next step in Dominica’s recovery efforts post-Hurricane Maria involves travellers. St. Lucia More St Lucians take up employment under Canadian farm worker programme The number of Saint Lucians employed on the Canadian Seasonal Agricultural Farm Worker Programme is on the rise. Since assuming responsibilities as the Minister for Labour in June 2016, Stephenson King has been on a drive to ensure that many more Saint Lucians benefit from the Canadian initiative, which began in 1967. St. Kitts and Nevis Sound fiscal management leading to further advancements of St. Kitts and Nevis The prudent approach taken in the management of the country’s fiscal resources by the Dr Harris-led Team Unity Administration is leading to the further advancement and development of St. Kitts and Nevis, with the benefits trickling down to the ordinary citizens of the twin island Federation. Other Regional CARIFORUM to host regional consultation on effective platforms for wider Caribbean dialogue in Barbados The Caribbean Forum of the Group of African, Caribbean and Pacific (ACP) states (CARIFORUM) will host a consultation to assess the development of a framework for an effective platform for structured and continuous dialogue between CARIFORUM and the French Caribbean Outermost Regions (FCORs) and British and Dutch Overseas Countries and Territories (OCTs). The consultation will be held in Barbados, April 11-12, 2018. CARICOM pursues regional customs document A proposed regional Single Administrative Document (SAD) for CARIFORUM countries is currently under consideration by regional Customs Administrations at the Secretariat of the Caribbean Community (CARICOM). INTERNATIONAL United States Federal Reserve proposes new capital rules for Wall Street The Federal Reserve on Tuesday proposed new rules that could allow some large banks to reduce the amount of capital they must hold as a cushion against a future economic shock. Futures drop on rising U.S.-Russia tensions over Syria U.S. stock index futures fell sharply on Wednesday due to rising concerns over confrontation between the United States and Russia over military action in Syria. Dollar mired at two-week lows as Syria fears grow The U.S. dollar slipped to a two-week low against a basket of currencies on Wednesday as trade war fears receded but uncertainty over possible Western military action against Syria bred risk aversion among some investors. United Kingdom UK 10-year bond yields touch one-week low on Syria worries British 10-year government bond yields fell to a one-week low on Wednesday as investors sought safe assets after U.S. President Donald Trump warned Russia that missiles “will be coming” in Syria. Sterling pauses on soft data Sterling trimmed gains on Wednesday after British manufacturing output fell unexpectedly in February, its first drop in almost a year, adding to signs the economy may have slowed in the first quarter. Europe EU plans more powers for consumers to sue companies The European Union plans more powers for consumers to sue firms such as Volkswagen (VOWG_p.DE) after the Dieselgate scandal showed the limits of consumer protection authorities to curb corporate cheating. China China's Xi renews vow to open economy, cut tariffs as U.S. trade row deepens Chinese President Xi Jinping promised on Tuesday to open the country’s economy further and lower import tariffs on products like cars, in a speech seen as an attempt to defuse an escalating trade dispute with the United States. Japan Nikkei falls first time in 3 days; SoftBank outperforms Japanese stocks fell for the first time in three days on Wednesday following a strong rally the previous day, but index-heavy SoftBank rose after sources said that Sprint is in new talks to merge with T-Mobile. Global Cushing's oil market clout wanes amid U.S. export boom The volume of oil sitting in 300 steel tanks in a nine-square-mile radius in Cushing, Oklahoma has long been a key barometer for the health of U.S. crude supply and the nation’s benchmark for daily trading of billions of dollars in the commodity. Grow what you eat seminar on best crops for environment Monday 10th April, 2018 – Nation News As part of its efforts to encourage Barbadians to grow and eat what is produced on their own land, the Rural Development Commission (RDC) will be conducting its first ever Grow What You Eat Seminar on Wednesday, April 18. Entitled Selecting the Best Crops for Your Environment, the free seminar targets all rural households with an interest in growing produce. It will run from 10 a.m. to noon in the RDC Training Room, Bridge Street, Bridgetown. Director of the RDC, Randolph Outram, will welcome participants to the seminar, which will be facilitated by the Commission’s Senior Field Officer, Osmond Harewood, and Extension Officer, Alvin Romeo.
Load more

Recommended publications
  • 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.
    [Show full text]
  • 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]
  • 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]