Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • Investegate.co.uk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com
  • FETransmission.com
  • Trustnet.hk
  • FEAnalytics.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

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Corp Andina de Fom (46EG)

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Friday 08 June, 2012

Corp Andina de Fom

CAF - Formal XO Announcement Press Release

RNS Number : 9518E
Corporacion Andina de Fomento
07 June 2012
 

CARACAS, Venezuela, June 7, 2012/PRNewswire/ -- Corporación Andina de Fomento ("CAF") announced today an invitation (the "Invitation") to the holders of the following series of its outstanding notes (collectively, the "Old Notes")

 

Series of Old Notes

Outstanding Principal Amount

ISIN/
CUSIP

Maturity Date (mm/dd/yyyy)

 

Exchange

Ratio*

Acceptance Priority

Level

8.125% Notes due 2019 (the "2019 Notes")


U.S.$1,000,000,000

US219868BN58
219868BN5


06/04/2019

 

$1,278.00


1

5.750% Notes due 2017 (the "2017 Notes")


U.S.$750,000,000

US219868BL92
219868BL9


01/12/2017

 

$1,135.91


2

*  per $1,000 principal amount of Old Notes accepted for exchange

to submit offers to exchange Old Notes for up to a maximum principal amount of U.S.$500,000,000 of CAF's 4.375% Notes due 2022 (the "Reopened Notes") on the terms and subject to the conditions described in the Prospectus Supplement dated June 7, 2012 (the "Prospectus Supplement"), to the Prospectus dated May 22, 2012, attached thereto (the "Prospectus").

 

The Invitation will commence today.  The Invitation and withdrawal rights will expire at 5:00 p.m., New York City time, on June 12, 2012, unless extended or earlier terminated by CAF in its sole discretion (such date, as it may be extended, the "Expiration Date").

 

The Reopened Notes, if and when issued, will be a further issuance of, will form a single series with and will be fully fungible with, the 4.375% Notes due 2022 that CAF expects to issue for cash on June 15, 2012 in the aggregate principal amount of U.S.$600,000,000 (the "New Notes").  CAF currently anticipates settling the Invitation on the same date that the New Notes are issued in the cash offering, but retains discretion to settle the Invitation at a later date or to terminate the Invitation without settlement.

 

For each U.S.$1,000 in outstanding principal amount of Old Notes that is validly tendered and CAF accepts for exchange, the tendering holder will receive a principal amount of Reopened Notes equal to the Exchange Ratio for such series of Old Notes set forth in the table above. 

 

The aggregate principal amount of Reopened Notes received by a tendering holder whose Old Notes CAF accepts for exchange will be rounded down to the nearest U.S.$1,000, and such holder will receive an amount in cash in U.S. dollars in respect of any such rounding, as further described in the Prospectus Supplement.  In addition, a tendering holder will receive a cash payment in U.S. dollars equal to the amount of accrued and unpaid interest on such Old Notes that are validly tendered and CAF accepts for exchange to (but excluding) the settlement date of the Reopened Notes, less the accrued interest on the Reopened Notes from the issuance date of the New Notes, if any, as more fully described in the Prospectus Supplement.

 

If the principal amount of Reopened Notes that would be issued pursuant to the Invitation if CAF accepted all validly tendered Old Notes exceeds U.S.$500,000,000, CAF intends to accept 2019 Notes and 2017 Notes in the order of priority set forth in the table above.  Notwithstanding the Acceptance Priority Levels, CAF reserves the right to determine the aggregate principal amount of 2019 Notes and the aggregate principal amount of 2017 Notes that it will accept pursuant to the Invitation in its sole discretion. 

 

Holders of Old Notes considering participating in the Invitation should carefully consider the risk factors discussed under "Risk Factors" in the Prospectus Supplement.

 

Copies of the Prospectus Supplement and the Prospectus may be obtained free of charge by eligible participants from the exchange agent and information agent, or from one of the Joint Dealer Managers at:

 

Deutsche Bank Securities

Prospectus Department

Harborside Financial Center

100 Plaza One

Jersey City, NJ 07311

Telephone: 1-800-503-4611

Email: prospectus.cpdg@db.com;

 

Goldman, Sachs & Co.

Prospectus Department

200 West Street

New York, NY 10282

Telephone: 1-866-471-2526

Facsimile: 212-902-9316

Email: prospectus-ny@ny.email.gs.com; or

 

HSBC

452 Fifth Avenue

New York, NY 10018

Telephone: 1-877-472-2456 / 212-525-5552

Facsimile: 646-366-3384

Email: diane.m.kenna@us.hsbc.com.

             

Exchange Agent and Information Agent 

 

The exchange agent and information agent for the Invitation will be Global Bondholder Services Corporation, located at 65 Broadway, Suite 404, New York, NY 10006 (Attention: Corporate Actions). The exchange agent and information agent can be reached by telephone at the following numbers: (Banks and Brokers) +1-212-430-3774; (toll free) +1-866-857-2200.

 

Joint Dealer Managers 

 

Deutsche Bank Securities Inc., Goldman, Sachs & Co. and HSBC will act as Joint Dealer Managers for the Invitation.

 

Deutsche Bank Securities Inc. can be reached by telephone at the following numbers: (In the United States) +1-866-627-0391; (Outside the United States, call collect) +1-212-250-2955.

 

Goldman, Sachs & Co. can be reached by telephone at the following numbers:  (In the United States) +1-800-828-3182; (Outside the United States, call collect) +1-212-902-5183.

 

HSBC can be reached by telephone at the following numbers:  (In the United States) +1-888-HSBC-4LM; (Outside the United States, call collect) +1-212-525-5552.

 

Further Information

 

CAF will apply to the Financial Services Authority in its capacity as competent authority pursuant to Part VI of the Financial Services and Markets Act 2000 (the "UK Listing Authority") for the Reopened Notes to be admitted to the official list of the UK Listing Authority and to the London Stock Exchange plc (the "London Stock Exchange") for the Reopened Notes to be admitted to trading on the London Stock Exchange's Regulated Market.  The London Stock Exchange's Regulated Market is a regulated market for the purposes of Directive 2004/39/EC. No application has been nor will be made for the Old Notes to be admitted for listing on any securities exchange.

 

This document is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (as so amended, the "Order") and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Articles 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). Any investment or investment activity to which this document relates is available only to relevant persons and will be engaged in only with relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

 

CAF is making the Invitation only in those jurisdictions where it is legal to do so. The Invitation is void in all jurisdictions where it is prohibited. If materials relating to the Invitation come into your possession, you are required by CAF to inform yourself of and to observe all of these restrictions. The materials relating to the Invitation do not constitute, and may not be used in connection with, an offer or solicitation in any place where offers or solicitations are not permitted by law. If a jurisdiction requires that the Invitation be made by a licensed broker or dealer and any joint dealer manager or any affiliate of a joint dealer manager is a licensed broker or dealer in that jurisdiction, the Invitation shall be deemed to be made by such joint dealer manager or such affiliate on behalf of CAF in that jurisdiction.

 

In connection with the issue of the Reopened Notes persons named as the Stabilizing Manager(s) (or persons acting on behalf of any Stabilizing Manager(s)) in the applicable prospectus supplement may over-allot notes or effect transactions with a view to supporting the market price of such notes at a level higher than that which might otherwise prevail. However, there is no assurance that the Stabilizing Manager(s) (or persons acting on behalf of a Stabilizing Manager) will undertake stabilization action. Any stabilization action may begin on or after the date on which adequate public disclosure of the terms of the offer of such notes is made and, if begun, may be ended at any time, but it must end no later than the earlier of 30 days after the issue date of such notes and 60 days after the date of the allotment of such notes. Any stabilization action or over-allotment must be conducted by the relevant Stabilizing Manager(s) (or person(s) acting on behalf of any Stabilizing Manager(s)) in accordance with all applicable laws and rules.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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