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Name | Symbol | Market | Type |
---|---|---|---|
Grana y Montero SAA | NYSE:GRAM | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.99 | 0 | 01:00:00 |
Mandatory Redemption:
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Mandatory Redemption for Indebtedness, as a consequence of a US$120 million loan to be granted to the Issuer.
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Bonds subject to Mandatory Redemption for Indebtedness:
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The Issuer will redeem 100% of the Outstanding Par Value of the Bonds.
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Mandatory Redemption Date and Conversion Date:
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The Mandatory Redemption and Conversion Date will take place on the Business Day following the date of disbursement under the
Indenture. Unless the Issuer notifies the Bondholders of a different date through the Representative of the Bondholders, the Mandatory Redemption Date and Conversion Date will be March 31, 2022.
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Maximum Date for Exercising the Conversion Right:
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Bondholders wishing to exercise the conversion right under the Mandatory Redemption for Indebtedness, must send a letter in
accordance with the model attached to this notice to the Bondholders' Representative no later than March 30, 2022.
The letter must include the notarized signature of the Bondholders and/or their representatives, and must be sent within the
indicated date to the following address and attention:
AENZA S.A.A.
Av. Petit Thouars 4957, Miraflores, Lima 15046, Peru.
Att: Oscar Villanueva Díaz
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Conditions Precedent for the Mandatory Redemption by Indebtedness to take place:
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The Mandatory Redemption by Indebtedness will take place provided that the Issuer has received by March 30, 2022 irrevocable
conversion instructions from Bondholders representing at least US$ 54 million of Nominal Value of the Bonds, including irrevocable conversion instructions that the Issuer has received under any other mode under the Indenture, and the other
conditions under the Indenture are met.
In the event the above conditions are not met or the Issuer does not obtain a waiver for them from the lenders under the
Indenture, and therefore the Mandatory Redemption by Indebtedness is not carried out, the Mandatory Redemption and the instructions of the Bondholders who have exercised the conversion right as a consequence of the Mandatory Redemption will
be rendered ineffective.
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Payments of Principal, Interest and Repayment Fee:
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The Issuer will pay on the Conversion Date to the Bondholders that have exercised the conversion right (i) the interest accrued
since the last Maturity Date and (ii) the Repayment Fee.
Likewise, the Issuer will pay on the Mandatory Redemption Date to the Bondholders who have not exercised the conversion right,
(i) 100% of the Outstanding Nominal Value, (ii) the interest accrued since the last Maturity Date, and (iii) the Repayment Commission.
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1 Year Grana y Montero SAA Chart |
1 Month Grana y Montero SAA Chart |
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