TKB SUCCESSFULLY CLOSED ITS LPN2020 TENDER OFFER DEAL
On 20 April 2018 TRANSKAPITALBANK launched an invitation to eligible holders of the outstanding U.S.$100,000,000 10.00 per cent. loan participation notes due 2020 issued by TransRegionalCapital Designated Activity Company to tender their notes for purchase by the Bank for cash.
TRANSKAPITALBANK announced the targeted tender amount up to U.S.$25 million. The transaction successfully reached the expectations in terms of quantity and resulted in the aggregate nominal amount of notes equal to U.S.$23,849,000 that has been validly tendered in the tender offer.
The tender offer expired at 4:00 p.m. (London time) on 7 May 2018. All the notes validly tendered for purchase have been accepted in full without pro-ration.
The settlements were made through Euroclear / Clearstream on 10 May 2018.
The tender offer was managed by CITIGROUP GLOBAL MARKETS LIMITED as Dealer Manager and CITIBANK N.A., London Branch as Tender Agent.
The notes are traded on Irish Stock Exchange.