EM-focused CTP launches capped tender offer for 2 1/8% notes due 2025

Chicago, Sept. 20 – CTP NV started a capped tender for up to €150 million of its €650 million 2 1/8% notes due 2025 (ISIN: XS2238342484), according to an announcement.

The company is offering to buy the notes for €1,072 per €1,000 note. Accrued interest will also be paid.

The company is conducting the tender offer to manage its overall debt redemptions and extend its debt maturity profile.

Tenders may be subject to proration.

The tender offer is subject to a new issue condition. CTP is offering €1 billion of new notes.

Preference in allocation of the new notes may be given to tendering noteholders.

The tender offer expires at 11 a.m. ET on Sept. 24.

Results will be announced on Sept. 27.

Settlement will occur on Sept. 29.

Citigroup Global Markets Ltd. (+44 20 7986 8969, liabilitymanagement.europe@citi.com), Erste Group Bank AG (+43 501009 84020), Goldman Sachs Bank Europe SE (gs-ldnigsynd@internal.email.gs.com), ING Bank NV (+44 20 7767 6784, liability.management@ing.com), J.P. Morgan AG (+44 20 7134 2468, em_europe_lm@jpmorgan.com, KBC Bank NV (+32 2 417 35 65, dcm@kbcsecurities.be) and Morgan Stanley Europe SE (+44 20 7677 5040, liabilitymanagementeurope@morganstanley.com) are working as dealer managers.

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

CTP is a real estate company that owns and develops business parks in Central and Eastern Europe. The company has offices in Prague and Utrecht, The Netherlands.

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