Result of Tender Offer (1214P)

TIDM43PS

RNS Number : 1214P

Abanka Vipa d.d.

28 September 2011

ABANKA D.D. ANNOUNCES PRICING AND RESULTS OF THE INVITATION FOR OFFERS TO SELL SECURITIES FOR CASH

NOT FOR DISTRIBUTION TO ANY US PERSON (AS DEFINED IN REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED)

28 September 2011

On 19 September 2011, Abanka Vipa d.d. (the "Issuer") invited holders of its EUR500,000,000 Floating Rate Notes due 2012 guaranteed by the Republic of Slovenia (the "Notes") to submit offers to sell ("Offers to Sell") their Notes to the Issuer for cash (the "Tender Offer").

The Tender Offer was made on the terms and subject to the conditions contained in the tender offer memorandum dated 19 September 2011 (the "Tender Offer Memorandum"). Capitalised terms used in this announcement have the same meanings ascribed to them in the Tender Offer Memorandum. The Tender Offer expired at 4.00 p.m. CET on 27 September 2011.

The Purchase Price for the Notes accepted for purchase is EUR1,006.60 per EUR1,000 principal amount, as determined by the Issuer and the Dealer Managers at the Pricing Time. All Notes tendered on a non-competitive basis and Notes tendered at a price equal to or below the Purchase Price have been accepted in full. The Issuer is pleased to announce that it has accepted for purchase an aggregate principal amount of Notes of EUR149,411,000.

The Purchase Price, together with the Accrued Interest (which will be calculated to reflect 11 (eleven) days of accrued and unpaid interest on the nominal amount of Notes submitted for sale by a Holder and accepted by the Issuer for purchase), will be paid to Noteholders whose Notes have been accepted for purchase by the Issuer. The total Tender Consideration for each Holder will reflect the Purchase Price and such Accrued Interest.

For the avoidance of doubt, all Notes tendered at a price above the Purchase Price have been rejected.

Settlement is expected to occur on 30 September 2011.

 
                                                                                  Principal 
                                                                                    Amount 
                                                                 Principal        Outstanding 
                                                                   Amount          following 
                                                                  Accepted        completion 
                                    Maturity      Purchase           for           of Tender 
      Notes            ISIN           Date          Price         Purchase           Offer 
----------------  --------------  -----------  -------------  ---------------  --------------- 
                                   The 
                                    interest 
                                    payment 
                                    date 
 EUR500,000,000                     falling 
  Floating                          on or       EUR1,006.60 
  Rate                              nearest      per 
  Notes                             to 18        EUR1,000 
  due                               September    principal 
  2012             XS0452852196     2012         amount        EUR149,411,000   EUR350,589,000 
 

For further information:

A complete description of the terms and conditions of the Tender Offer is set out in the Tender Offer Memorandum. Further details about the transaction can be obtained from:

The Joint Dealer Managers:

Raiffeisen Bank International AG

Tel: [phone] Fax: [phone] Attention: Debt Capital Markets & Loan Origination, Inst. Clients Email: [e-mail]

UniCredit Bank AG

Tel: [phone] Fax: [phone] Attention: FI & Public Sector Origination Email: [e-mail]

The Tender Agent:

The Bank of New York Mellon

Tel: [phone] Fax: [phone] Attention: Debt Restructuring Services Email: [e-mail]

Neither of the Joint Dealer Managers take responsibility for the contents of this announcement and none of the Issuer, the Joint Dealer Managers, the Tender Agent or any of their respective directors, employees or affiliates makes any representation or recommendation whatsoever regarding the Tender Offer. This announcement must be read in conjunction with the Tender Offer Memorandum.

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO PURCHASE ANY SECURITIES OR A SOLICITATION OF AN OFFER TO SELL ANY SECURITIES.

This information is provided by RNS

The company news service from the London Stock Exchange

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