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Name | Symbol | Market | Type |
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Citi Fun 24 | LSE:AO75 | London | Medium Term Loan |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
RNS Number:7087M Wyaconda Company Limited 24 June 2003 STATEMENT RE DEBT ISSUE: WYACONDA COMPANY LIMITED (the "Company") U.S.$60,000,000 Protectors Fund Linked Principal Protected Notes due 2008 (the "Notes") The Terms and Conditions of the above Notes have been amended from those set forth in the Issue Supplement relating to the Notes dated 25 April 2002 (such amended terms and Conditions the "Amended Terms and Conditions"). The Company has entered into a Swap Agreement with the Counterparty. The way in which Optional Redemption Amount is calculated has been amended so that references to "Early Redemption Deduction" have been replaced with "Swap Termination Amount", "Swap Termination Amount" is defined as an amount equal to the amount which would be payable by the Company to the Counterparty or by the Counterparty to the Company upon termination of a swap agreement having identical terms to the Swap Agreement except with a Notional Amount and a Fixed Amount each reduced pro-rata to correspond with the proportion that the principal amount of Notes being redeemed at the option of the holder bears to the aggregate principal amount of the Notes outstanding. The way in which Instalment Amount is calculated has been amended so that references to "Redemption Deduction" have been deleted and replaced with "Final Swap Payment" if such amount is payable by the Company or plus an amount equal to the Final Swap Payment if such amount is payable to the Company. "Final Swap Payment" has been defined as the net amount payable by the Company to the Counterparty or by the Counterparty to the Company under the Swap Agreement on 31 December 2007, subject to adjustment in accordance with the Modified Following Business Day Convention for which the Business Days are London, New York and Euro. Condition 10(k) (iii) has been amended to read as follows: "(iii) the date of final distribution to the holders of the Shares which the Protectors Fund is obliged to make in such circumstances, then the Company shall give notice of its intention to, and shall, redeem each Note at an amount equal to the amount actually received by or on behalf of the Company from the Protectors Fund in respect of the Note Allocation of Shares relating to such Note less an amount equal to the Mandatory Swap Termination Amount if such amount is payable by the Company or plus an amount equal to the Mandatory Swap Termination Amount if such amount is payable to the Company (the "Note Mandatory Payout Amount") on the fifth Payment Business Day following receipt by the Company of such amount. "Mandatory Swap Termination Amount" means an amount equal to the amount which is payable by the Company to the Counterparty or by the Counterparty to the Company upon termination of the Swap Agreement. In addition the description of the Asset Allocation Test in the Issue Supplement dated 25 April 2002 has been amended as follows: - (a) The words "but before December 31 2002" has been inserted after the words "After 29 November 2001" in the first line of the penultimate paragraph on page 24. (b) The following text has been inserted at the end of the first paragraph on page 25: "As of any Valuation Date commencing on December 31, 2002, for the period from and including such Valuation Date to and excluding the next Valuation Date, shall equal the value determined by JPMorgan Chase Bank pursuant to the following steps: Step 1: JP Morgan Chase Bank shall determine the Actual Sentinel Return with respect to such Valuation Date. The "Actual Sentinel Return" with respect to a Valuation Date shall equal the following, expressed as a percentage rounded to two decimal places: ((SNAVVD/SNAVINCEPTION)^(1/(TIME)))-1 where: "SNAVVD" = the Net Asset Value per Sentinel Fund Share as of such Valuation Date "SNAVINCEPTION" = the Net Asset Value per Sentinel Fund Share as of December 1, 2001 "TIME" = the number of years set forth in the "Time (years)" column corresponding to such Valuation Date in Table 1 below "^"represents the power function Step 2: JP Morgan Chase Bank shall, using Table 1 below, find the row corresponding to such Valuation Date. Step 2.1: If such Actual Sentinel Return corresponds precisely to Sentinel Return set forth in a column in Table 1 below as applied to such row (including by being described in the "Lower than 6%" column or the "Higher than 20%" column in such table), "Y" shall equal the value set forth in the intersection between such column and such row. Step 2.2: If such Actual Sentinel Return falls between two Sentinel Returns set forth in two columns in Table 1 below as applied to such row, "Y" shall equal the value obtained by interpolating linearly between the two values set forth in the intersections between such two columns and such row, based on the value of such Actual Sentinel Return as compared to such two Sentinel Returns." Table 1 Valuation Time Lower Actual Sentinel Return Higher Date (years) than 6% than 20% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20% 2002 Dec 31 1 1/12 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 2003 Mar 31 1 4/12 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 3.96 3.86 3.77 3.68 3.68 2003 Jun 30 1 7/12 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 3.89 3.77 3.66 3.56 3.46 3.37 3.37 2003 Sep 30 1 10/12 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 3.93 3.78 3.65 3.52 3.41 3.31 3.21 3.12 3.12 2003 Dec 31 2 1/12 4.0 4.0 4.0 4.0 4.0 4.0 4.0 3.89 3.72 3.57 3.43 3.31 3.19 3.09 3.00 3.00 3.00 2004 Mar 31 2 4/12 4.0 4.0 4.0 4.0 4.0 4.0 3.91 3.71 3.54 3.38 3.25 3.12 3.01 3.00 3.00 3.00 3.00 2004 Jun 30 2 7/12 4.0 4.0 4.0 4.0 4.0 3.98 3.75 3.55 3.37 3.22 3.08 3.00 3.00 3.00 3.00 3.00 3.00 2004 Sep 30 2 10/12 4.0 4.0 4.0 4.0 4.0 3.83 3.60 3.40 3.22 3.07 3.00 3.00 3.00 3.00 3.00 3.00 3.00 2004 Dec 31 3 1/12 4.0 4.0 4.0 4.0 3.98 3.70 3.47 3.27 3.09 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 2005 Mar 31 3 4/12 4.0 4.0 4.0 4.0 3.88 3.58 3.34 3.14 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 2005 Jun 30 3 7/12 4.0 4.0 4.0 4.0 3.75 3.47 3.23 3.03 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 2005 Sep 30 3 10/12 4.0 4.0 4.0 4.0 3.65 3.36 3.13 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 2005 Dec 31 4 1/12 4.0 4.0 4.0 3.91 3.55 3.27 3.03 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 2006 Mar 31 4 4/12 4.0 4.0 4.0 3.83 3.46 3.18 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 2006 Jun 30 4 7/12 4.0 4.0 4.0 3.74 3.38 3.09 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 2006 Sep 30 4 10/12 4.0 4.0 4.0 3.66 3.30 3.01 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 2006 Dec 31 5 1/12 4.0 4.0 4.0 3.59 3.22 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 2007 Mar 31 5 4/12 4.0 4.0 4.0 3.52 3.15 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 2007 Jun 30 5 7/12 4.0 4.0 3.94 3.45 3.08 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 2007 Sep 30 5 10/12 4.0 4.0 3.88 3.38 3.01 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 2007 Dec 31 6 1/12 4.0 4.0 3.82 3.32 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 An amended and restated Issue Supplement setting out the above changes and certain other and consequential changes is available from JPMorgan, 125 London Wall, London EC2Y 5AJ. Capitalised terms used in this notice have the meanings given them in the Amended Terms and Conditions and the amended and restated Issue Supplement. This information is provided by RNS The company news service from the London Stock Exchange END STRFGGZVDDMGFZM
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