ZENITHBANK Announces The Results Of Its Invitation To Purchase Notes For Cash

Proshare

Thursday, September 12, 2019 /05:49 PM /NSE /Header Image Credit: Zenith Bank


Further to its announcement on 4 September 2019 and the Expiration Deadline at 5:00pm (London time) on 11 September 2019, Zenith Bank Plc (the "Company") hereby announces the results of its invitation to holders of the U.S.$500,000,000 7.375% Notes due 2022 (Regulation S: Common Code: 161983977, ISIN: XS1619839779; Rule 144A: Common Code: 161984078, ISIN: US98935LAB36, CUSIP: 98935LAB3) (the "Notes") issued by the Company to tender such Notes for purchase by the Company for cash (the "Tender Offer").

The Tender Offer was made upon the terms and subject to the conditions set out in a tender offer memorandum dated 4 September 2019 (the "Tender Offer Memorandum").

Capitalised terms used and not otherwise defined in this announcement have the meanings given in the Tender Offer Memorandum.


Results

The Company has received valid tenders for purchase of US$392,596,000 in aggregate principal amount of Notes pursuant to the Tender Offer. This amount includes Notes tendered using the guaranteed delivery procedures as set out in the Tender Offer Memorandum and subject to the Guaranteed Delivery Deadline on 13 September 2019. The Company hereby announces that, in accordance with the Tender Offer Memorandum, it intends to accept for purchase such Notes validly tendered.


Purchase Price

Subject to the Minimum Denomination, the Company will pay for the Notes accepted by it for purchase pursuant to the Tender Offer a price in cash equal to U.S.$1,085 per U.S.$1,000 in principal amount of the Notes plus the Accrued Interest Amount. The Purchase Price and the Accrued Interest Amount will be paid on the Payment Date, expected to be on or about 16 September 2019.

 

One Year Share Price Movement

Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.



Related News

1.          Zenith Bank's Aspire Music Festival Debuts in Lagos, Features Nigeria's Top Artistes

2.         ZenithBank Announces Invitation To Noteholders To Purchase Notes For Cash

3.         Zenith Bank Plc H1'19 Earnings - Hitting a Home Run With Retail Banking

4.         Zenith Bank offers ZECA Education Loan for Children

5.         ZENITHBANK Appoints An Executive Director And An Independent Non-Executive Director

6.          ZENITHBANK Declares N88.88bn PAT in Q2 2019 Results SP:N16.00k

7.         Zenith Bank Upgrades its Mobile Banking Application

8.        ZENITHBANK Notifies of the Company's Closed Period

9.         ZENITHBANK Redeemed Its US$500m Eurobond Due April 22, 2019

10.     ZENITHBANK Declares N50.23bn PAT in Q1 2019 Results, (SP:N20.90k)

11.      ZENITHBANK Notifies of Board Meeting to consider the Group's Unaudited Financial Statements

  

Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

READ MORE:
Related News
SCROLL TO TOP