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TBC Bank announces tender offer results
TBC Bank announces tender offer results.
About this update from Tbc Bank Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9304G\n TBC Bank Group PLC\n 01 April 2022\n \n \n \n \n \n \n \n TBC Bank announces tender offer results\n \n \n \n \n \n \n \n \n NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (THE \"UNITED STATES\") OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.\n \n \n \n \n \n \n \n \n TBC Bank Group PLC (\"TBC PLC\") announces that on 23 March 2022, its subsidiary, JSC TBC Bank (the \"Issuer\") launched an invitation to holders (the \"Noteholders\") of its outstanding U.S.$300,000,000 5.75% notes due 2024 (ISIN: XS1843434363; Common Code: 184343436) (the \"Notes\"), subject to the offer and distribution restrictions below, and upon the terms and subject to the conditions set forth in a tender offer memorandum dated 23 March 2022 (the \"Tender Offer Memorandum\"), to tender for purchase for cash the outstanding Notes, in accordance with the procedures described therein, subject to the Maximum Consideration Amount (as defined in the Tender Offer Memorandum). The invitation to tender the Notes for purchase is referred to herein as the \"Tender Offer\".\n \n \n \n \n \n Capitalised terms used and not otherwise defined in this announcement have the meanings given in the Tender Offer Memorandum.\n \n \n \n \n \n The Issuer conducted the Tender Offer to utilise its liquidity to optimise its liability portfolio and to reduce the amount of its outstanding debt under the Notes. Any Notes tendered and accepted for purchase by the Issuer will be cancelled.\n \n \n \n \n \n The Issuer hereby informs Noteholders that at or prior to the Expiration Deadline (being 4:00 pm (London time) on 31 March 2022) the aggregate principal amount of the Notes validly tendered (and received by the Tender Agent at or prior to the Expiration Deadline) was U.S.$111,538,000 and the aggregate principal amount of the Notes accepted by the Issuer was U.S.$54,680,000. Other details of the Tender Offer are set forth in the table below:\n \n \n \n \n \n \n \n \n \n Description of the Notes\n \n \n \n \n \n \n ISIN / Common Code (Reg S)\n \n \n \n \n...