NOT FOR
RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON
LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND
POSSESSIONS (INCLUDING PUERTO RICO, THE
U.S.
VIRGIN ISLANDS, GUAM, AMERICAN
SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF
THE UNITED STATES AND THE DISTRICT OF COLUMBIA (THE
"UNITED STATES"))
OR IN OR INTO ANY OTHER
JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS
ANNOUNCEMENT.
23 July 2024
On 12 July 2024, Joint-Stock Commercial Bank
"Uzbek Industrial and Construction Bank" (the "Offeror") launched an invitation to the
holders of the outstanding U.S.$300,000,000 5.75 per
cent. Notes due 2 December 2024 (ISIN: XS2083131859)
(the "Notes") issued
by the Offeror (the "Offer").
The Offer was made on the terms and subject to
the conditions contained in the tender offer memorandum dated 12
July 2024 (the "Tender Offer
Memorandum"). Capitalised terms used in this announcement
but not otherwise defined have the meanings given to them in the
Tender Offer Memorandum.
The Offer expired at 4.00 p.m. (London time) on 22 July 2024 (the "Expiration Deadline"). As at the
Expiration Deadline, the Offeror has received valid tenders of
U.S.$221,780,000 in principal amount of Notes for purchase pursuant
to the Offer.
On 22 July 2024, the Offeror
completed the signing in respect of an issue of U.S.$400,000,000
8.950 per cent. Notes due 2029 and accordingly the New Financing
Condition is expected to be satisfied prior to the Settlement Date
of 25 July 2024.
Accordingly, the Offeror hereby
announces that it will accept (subject to satisfaction (or waiver)
of the New Financing Condition on or prior to the Settlement Date)
all U.S.$221,780,000 in principal amount of Notes validly tendered
for purchase pursuant to the Offer. The Offeror intends to cancel
any Notes purchased pursuant to the Offer and the principal amount
of the Notes that will remain outstanding following any such
cancellation will be U.S.$78,220,000.
This
announcement is made by Mr. Aziz Akbarjonov, Chairman of the
Management Board, on behalf of Joint-Stock Commercial Bank "Uzbek
Industrial and Construction Bank" and constitutes a public
disclosure of inside information under Regulation (EU)
596/2014 as it
forms part of United Kingdom domestic law by virtue of the European
Union (Withdrawal) Act 2018.
Contact
Details:
|
THE OFFEROR
|
|
"Uzpromstroybank" JSCB
3 Shaxrisabskaya
Street
Tashkent
100000
Republic of
Uzbekistan
|
THE DEALER
MANAGERS
|
BancTrust Investment Bank
Limited
8
Bishopsgate
Level 36
London, EC2N
4BQ
United
Kingdom
|
Citigroup Global Markets
Limited
Citigroup Centre
Canada Square
Canary Wharf
London E14 5LB
United Kingdom
|
|
Telephone: +44 20 8161 2018
Attention: Liability Management
Email: Liability_Management@banctrust.co.uk
|
Telephone: +44 20 7986 8969
Attention: Liability Management Group
Email: liabilitymanagement.europe@citi.com
|
|
J.P. Morgan Securities
plc
25 Bank Street
Canary Wharf
London E14 5JP
United Kingdom
|
Raiffeisen Bank International
AG
Am Stadtpark
9
1030
Vienna
Austria
|
|
Telephone: +44 20 7134 2468
Attention: Liability Management
Email: em_europe_lm@jpmorgan.com
|
Telephone: +43
171707 3951
Email: tmg@rbinternational.com;
project-bondsyndication@rbinternational.com
Attention:
Transaction Management Team
|
|
Société Générale
Immeuble Basalte
17 Cours
Valmy
CS
50318
92972 Paris La
Défense Cedex
France
|
|
Telephone: +33 1 42
13 32 40
Email: liability.management@sgcib.com
Attention: Liability
Management
|
|
THE TENDER
AGENT
Citibank, N. A., London
Branch
Citigroup
Centre
Canada
Square
Canary
Wharf
London
E14 5LB
United Kingdom
Telephone: +44 20 7508 3867
Email: Citiexchanges@citi.com
|
DISCLAIMER
This announcement must be read in conjunction with the Tender Offer
Memorandum. No offer or invitation to acquire or exchange any
securities is being made pursuant to this announcement. The
distribution of this announcement and the Tender Offer Memorandum
in certain jurisdictions may be restricted by law. Persons into
whose possession this announcement and/or the Tender Offer
Memorandum comes are required by each of the Offeror, the Dealer
Managers and the Tender Agent to inform themselves about and to
observe any such restrictions.