Banque Internationale takes in €118.9 million tenders of 6.625% notes

By Sarah Lizee

Olympia, Wash., Nov. 8 – Banque Internationale a Luxembourg, SA said it plans to purchase all €118.9 million of the €150 million 6.625% resetting perpetual convertible additional tier 1 capital notes tendered by holders in an offer that began on Oct. 28 and ended at 11 a.m. ET on Nov. 7.

The purchase price is 103.25 plus accrued interest.

The bank said acceptance of tendered notes is still subject to satisfaction or waiver of an issue of new notes.

Settlement is expected for Nov. 14.

Morgan Stanley & Co. International plc (+44 20 7677 5040, liabilitymanagementeurope@morganstanley.com), Goldman Sachs International (+44 20 7552 6157, liabilitymanagement.eu@gs.com) and Banque Internationale a Luxembourg, SA (+352 4590 2485, olivier.habay@bil.com) were the dealer managers.

Lucid Issuer Services Ltd. (+44 20 7704 0880, bil@lucid-is.com) was the tender agent.

The bank is based in Luxembourg.

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