Kazakhstan's Eurasian Development Bank extends tender for 7.375% notes

By Jennifer Chiou

New York, Sept. 12 - Eurasian Development Bank said it extended the tender offer for its $500 million of outstanding 7.375% notes due Sept. 29, 2014. Notes tendered in the offer will be purchased by BNP Paribas, the settlement bank

The tender offer will now end at noon ET on Oct. 2, extended from Sept. 11.

As previously reported, the purchase price will be $1,073.75 per $1,000 nominal amount of notes plus accrued interest up to but excluding the settlement date, which is expected to be Oct. 4.

The purpose of the offer is to extend the average debt maturity profile of the bank, according to a previous press release.

The offer is conditioned on an issue of new notes under the bank's $3.5 billion medium-term note program.

The dealer managers are BNP Paribas (attn: liability management group, 888 210-4358 or collect 212 841-3059, international call +44 207 595 8668, email liability.management@bnpparibas.com), Deutsche Bank AG, London Branch (+44 207 545 8011, attn: liability management group, email liability.management@db.com), HSBC Bank plc (attn: liability management, 888 472-2456, collect 212 525-5552, international +44 207 992 6237, email liability.management@hsbcib.com) and J.P. Morgan Securities plc (attn: liability management, international +44 207 134 3414, email emea_lm@jpmorgan.com).

Lucid Issuer Services Ltd. (+44 20 7704 0880, attn.: Yves Theis/Paul Kamminga, email edb@lucid-is.com) is the tender agent.

The bank is based in Almaty, Kazakhstan. It launched the offer on Sept. 4.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.