11th May 2012 14:34
NOT FOR DISTRIBUTION TO ANY UNITED STATES PERSON
OR TO ANY PERSON RESIDENT AND/OR LOCATED IN THE UNITED STATES.
This announcement does not constitute an invitation to participate in the Invitation (as defined herein) in or from any jurisdiction in or from which, or to or from any person to or from whom, it is unlawful to make such offer under applicable securities laws or otherwise. The distribution of this announcement in certain jurisdictions (in particular, the United States, the United Kingdom, Italy, France and Belgium) may be restricted by law. Persons into whose possession this announcement comes are required by each of VTB Capital plc and JSC Bank CenterCredit to inform themselves about, and to observe, any such restrictions. No action that would permit a public offer has been or will be taken in any jurisdiction by either VTB Capital plc or JSC Bank CenterCredit.
JSC Bank CenterCredit
London, 11 May 2012
RNS Announcement
TO: The London Stock Exchange plc
Company Announcements Department
JSC BANK CENTERCREDIT ANNOUNCES PRICING AND FINAL RESULTS OF THE INVITATION IN RESPECT OF THE US$500,000,000 8.625 PER CENT. NOTES DUE 2014 (ISIN: XS0282585859; COMMON CODE: 028258585)
On 2 May 2012, JSC Bank CenterCredit (the "Bank") announced an invitation to holders of the outstanding US$500,000,000 8.625 per cent. Notes due 2014 (the "Notes") unconditionally and irrevocably guaranteed by the Bank and originally issued by CenterCredit International B.V. (who was substituted by the Bank as issuer of the Notes) to submit offers ("Offers") to tender their Notes to the Bank for cash (the "Invitation"). The Invitation was made upon the terms and subject to the conditions contained in the invitation for offers dated 2 May 2012 (the "Invitation for Offers") prepared in connection with the Invitation. Capitalised terms used in this announcement and not otherwise defined have the meanings ascribed to them in the Invitation for Offers.
Following the expiration of the Invitation at 4:00 PM (BST) on 10 May 2012, the Bank is pleased to announce that it has accepted for purchase US$144,679,000 in aggregate principal amount of the Notes at the Purchase Price of US$1,042.50 per US$1,000 in principal amount in accordance with the terms and conditions of the Invitation. All Notes tendered at the Purchase Price have been accepted in full and will be tendered for cancellation by the Bank. Upon settlement of the Invitation, US$332,467,000 in aggregate principal amount of the Notes will remain outstanding.
The applicable Purchase Price, together with accrued but unpaid interest for the Notes, will be paid to Holders whose Notes have been accepted for purchase by the Bank. Settlement of the Invitation is expected to occur on 16 May 2012.
Further Information
A complete description of the terms and conditions of the Invitation is set out in the Invitation for Offers, which is available to eligible persons upon request from Lucid Issuer Services Limited, the Tender Agent for the Invitation. VTB Capital plc is the Dealer Manager for the Invitation.
Requests for information in relation to the Invitation should be directed to:
| DEALER MANAGER
VTB Capital plc14 CornhillLondon EC3V 3NDUnited KingdomAttention: Global Head of SyndicateTel: +44 (0) 20 3334 8029Email: [email protected] | THE TENDER AGENT
Lucid Issuer Services LimitedLeroy House, 436 Essex RoadLondon N1 3QPUnited KingdomTel: +44 (0) 20 7704 0880Attn: David Shilson / Paul KammingaEmail: [email protected] |
The Dealer Manager does not take responsibility for the contents of this announcement and none of the Bank, the Dealer Manager, the Tender Agent or any of their respective directors, employees or affiliates makes any representation or recommendation whatsoever regarding the Invitation.
Copyright Business Wire 2012
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