Dominican Republic's Cerveceria Nacional tenders for 8% notes

By Jennifer Chiou

New York, Aug. 6 - Cerveceria Nacional Dominicana announced the start of a cash tender offer for up to $100 million of its $255 million of 8% senior unsecured notes due 2014.

The Santo Domingo, Dominican Republic, brewing company said that the offer is set to end at midnight ET on Aug. 31.

For each $1,000 principal amount, the company will pay $1,035, which includes an early tender payment of $35 for those who tender prior to 5 p.m. ET on Aug. 17.

Holders who tender will also receive accrued interest to the purchase date.

The offer is conditioned on sufficient financing.

Cerveceria Nacional said it is tendering for the notes, which are denominated in dollars, to replace them with Dominican peso-denominated debt.

Citigroup Corporate and Investment Banking is the dealer manager (call collect 212 723-6108 or 800 558-3745). Deutsche Bank Luxembourg SA is the Luxembourg tender agent. Global Bondholder Services Corp. is the tender agent and information agent (call collect 212 430-3774 or 866 736-2200).

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