Espirito Santo extends tender offer for €400 million 6 7/8% notes

By Jennifer Chiou

New York, Nov. 8 - Espírito Santo International SA announced the extension of the tender offer for Espirito Santo Financial Group SA's €400 million of 6 7/8% subordinated notes due 2019 to Nov. 9.

Also affected are ESFG International Ltd.'s €400 million of series A non-cumulative guaranteed step-up preferred securities, which have a subordinated guarantee from Espirito Santo Financial.

According to a news release, the extension was made at the request of holders interested in participating.

Settlement is now anticipated for Nov. 11.

Banco Espírito Santo de Investimento, SA and Nomura International plc are the dealer managers. Lucid Issuer Services Ltd. is the tender agent (44 20 7704 0880; attn: David Shilson/Sunjeeve Patel; esfg@lucid-is.com).

Espirito Santo Financial Group is an integrated financial services group and the Kirchberg, Luxembourg-based investment vehicle for the financial interests of the Espirito Santo Group.

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