KUALA LUMPUR, Oct 10 (Bernama) -- JPMorgan Chase Bank N.A. today launched the offer to purchase to holders of its USD 350,000,000 zero coupon cash settled exchangeable bonds due 2021 (XS1748457352). (USD 1 = RM 4.15)
The company is offering to purchase any and all of the Bonds for cash at the purchase price of USD 185,000 per USD 200,000 in principal amount of the Bonds validly tendered by Bondholders pursuant to the Offer, a statement said.
J.P. Morgan Securities plc is acting as Dealer Manager while The Bank of New York Mellon, London Branch is acting as Tender Agent, each in relation to the Offer.
The launch date of the Offer is on Oct 10 at 4.00 p.m. (London time) on Oct 16, Oct 23 and Oct 30.
The company intends to settle Bonds accepted for purchase (if any) on the corresponding Interim Settlement Date which shall be the date falling three London and New York Business Days following the relevant Interim Settlement Deadline.
The Expiration Deadline will be on Nov 6 at 4.00 p.m. (London time) while expected Final Settlement Date will be on Nov 9.
The company also announced the launch of an offering of cash-settled exchangeable bonds due 2021 (the New Bonds) in minimum aggregate principal amount of USD 150,000,000 which are referable to ordinary shares of Dufry AG. Exchange rights in respect of the New Bonds will be cash-settled only.
Requests for information in relation to the terms of the Offer should be directed to Attention: J.P. Morgan equity-linked team, telephone: +44 207 134 2650 or email: Eql_LM@jpmorgan.com.
--BERNAMA
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