Source - RNS
RNS Number : 1102J
City of Gothenburg
06 September 2016
 

** City of Gothenburg - Tender Results via Nordea/SHB**

 

NOT FOR 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 TO ANY U.S. PERSON.

THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES, THE UNITED KINGDOM, FRANCE, BELGIUM AND ITALY) MAY BE RESTRICTED BY LAW.

 

Nordea Bank Danmark A/S (the "Offeror") announces today the final results of its invitations to holders of the outstanding SEK 50,000,000 FRN Notes due 16 November 2016 (ISIN: XS0855329362), SEK 1,393,000,000 FRN Notes due 5 December 2016 (ISIN: XS1001004289), SEK 125,000,000 1.63 per cent Notes due 5 December 2016 (ISIN: XS1001388674) and SEK 500,000,000 FRN Notes due 12 August 2017 (ISIN: XS0945291077) (the "Notes")  issued by City of Gothenburg (the "Issuer") to tender their Notes for purchase by the Offeror for cash (the "Offer").

 

The Offer expired at 11.30 CET on 6 September 2016. The Offeror hereby informs Noteholders that the aggregate principal amount of Notes validly tendered for purchase by Noteholders was SEK 1,192,000,000.

 

The Issuer will accept all valid tender instructions pursuant to the Offer in full. There will be no pro-ration in the acceptance of tenders.

 

A summary of purchase prices below:
- 100.108% for the FRN Notes due 16 November 2016 (ISIN: XS0855329362)

- 100.130% for the FRN Notes due 5 December 2016 (ISIN: XS1001004289)

- 100.499% for the 1.63 per cent Notes due 5 December 2016 (ISIN: XS1001388674)

- 100.382% for the FRN Notes due 12 August 2017 (ISIN: XS0945291077)

 

The settlement date for the Offer is set to 13 September 2016.

 

Settlement will be made towards Nordea Bank Danmark A/S, acting in the capacity as Offeror for the Offer. All tendering Noteholders should coordinate the trade booking with their local sales person immediately.

 

Questions in relation to the Offer should be directed to the Dealer Managers:

 

Dealer Managers and Offeror

Nordea Bank Danmark A/S (Dealer Manager and Offeror)

Tel:        +45 6161 2996

Email:   [email protected]

 

Svenska Handelsbanken AB (publ) (Dealer Manager)
Tel:        +46 8 463 46 09
Email:   [email protected]


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