Business
Tender Offer
Tender Offer.
About this update from Tbc Bank Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7320F\n TBC Bank Group PLC\n 23 March 2022\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n TBC Bank announces tender offer for its senior unsecured notes\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 TBC Bank Group PLC\n \n (\"TBC PLC\") announces that its subsidiary, \n \n JSC TBC Bank\n \n (the \"\n \n Issuer\n \n \") has today launched an invitation to holders (the \"\n \n Noteholders\n \n \") of its outstanding U.S.$300,000,000 5.75% notes due 2024 (ISIN: XS1843434363; Common Code: 184343436) (the \"\n \n Notes\n \n \"), subject to the offer and distribution restrictions and upon the terms and subject to the conditions set forth in, a tender offer memorandum dated 23 March 2022 (as it may be amended or supplemented from time to time, the \"\n \n Tender Offer Memorandum\n \n \"), to tender for purchase for cash the outstanding Notes, in accordance with the procedures described therein, subject to the Maximum Consideration Amount (as defined below). The invitation to tender the Notes for purchase is referred to herein as the \"\n \n Tender Offer\n \n \".\n \n \n \n \n \n Capitalised terms used in this announcement but not otherwise defined have the meanings given to them in the Tender Offer Memorandum.\n \n \n \n \n \n Summary of the Tender Offer\n \n \n Description of the Notes / Outstanding Principal Amount / ISIN / Common Code (RegS)/ Minimum Purchase Price / Purchase Price\n \n \n \n \n \n USD300mn 5.750% Senior Unsecured Notes (the \"\n \n Notes\n \n \") / USD300mn / XS1843434363 / 184343436 / USD910 per USD1,000 in principal amount / To be determined pursuant to the Modified Dutch Auction Procedure\n \n \n \n \n \n Maximum Consideration Amount and Acceptance Amount\n \n \n The Issuer intends to purchase an aggregate principal amount of the Notes such that the aggregate Purchase Price payable by the Issuer (which, for the avoida...