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Name | Symbol | Market | Type |
---|---|---|---|
Ulster Bk.11.75 | LSE:FAP | London | Bond |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 175.00 | 155.00 | 195.00 | 0 | 01:00:00 |
TIDMFAP
RNS Number : 0152S
Ulster Bank Ireland DAC
27 September 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT. THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014.
ULSTER BANK IRELAND DAC
ANNOUNCES RESULTS OF CASH TENDER OFFERS
27 September 2017 - Ulster Bank Ireland DAC (the "Offeror") announces the final results of the cash tender offers (the "Offers") for the bonds set out in the table below (the "Bonds"). The Offers were made on, and remain subject to, the terms and conditions set forth in the tender offer memorandum dated 29 August 2017 (the "Tender Offer Memorandum"). Capitalised terms used but not defined herein shall have the meanings given to them in the Tender Offer Memorandum.
The Offers expired at 11:00 a.m. (London time) / 6:00 a.m. (New York City time) on 27 September 2017. The aggregate principal amount of each series of Bonds validly tendered and accepted for purchase is set out below:
Amount remaining Accrued Amount accepted outstanding after Purchase Minimum Interest per for purchase the Settlement Price Denomination Minimum Title of Bond ISIN Date Denomination ---------------------- --------------- ----------------- ------------------ ---------- -------------- ------------- STG GBP5,000,000 IE0004325282 STG 168,000 STG 1,148,000 50.0 per STG 1,000 STG 15.37 Floating Rate cent. Subordinated Bonds IEP GBP30,000,000 11.375% Subordinated 160.5 per Bonds IE0004325399 EUR 6,938,030.85 EUR 31,154,111.15 cent. EUR 12,697.38 EUR 553.40 STG GBP20,000,000 IE0004325514 STG 8,547,000 STG 11,453,000 158.5 per STG 10,000 STG 450.20 11.75% Subordinated cent. Bonds
The Offeror has accepted for purchase all Bonds validly offered for purchase. The Offeror expects to make payment to the Registrar for all Bonds accepted for purchase pursuant to the Offers on the Settlement Date, which is expected to be 29 September 2017, for prompt onward payment to the Bondholders. Bonds that have not been accepted for purchase by the Offeror will remain outstanding following the Settlement Date. All Bonds accepted for purchase will be cancelled.
Further Information
The Offeror has retained The Royal Bank of Scotland plc (trading as NatWest Markets), an affiliate of the Offeror, to act as Dealer Manager for the Offers and Computershare Investor Services (Ireland) Limited to act as Registrar.
Any questions in relation to the Offers may be directed to:
Catherine Corbett
Head of Term Funding & Money Markets
Ulster Bank Ireland DAC
George's Quay
Dublin 2
Telephone: +353(0)1 6085377
Scott Forrest
Head of Debt Capital Markets & Capital Strategy
The Royal Bank of Scotland Group plc
250 Bishopsgate
London EC2M 4AA
Telephone: +44 (0) 20 7678 5313
The Royal Bank of Scotland plc (trading as NatWest Markets), as Dealer Manager 250 Bishopsgate London EC2M 4AA Telephone: +44 20 7678 5405 Attention: Liability Management Email: LiabilityManagement@natwestmarkets.com
This announcement is released by the Offeror and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR), encompassing information relating to the Offers described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Brian Lynch, Group Treasurer for Ulster Bank Ireland DAC.
Legal Entity Identifier: 635400KQIMALJ4XLAD78
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCLLFEEALIDFID
(END) Dow Jones Newswires
September 27, 2017 11:55 ET (15:55 GMT)
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