In its action plan for the improvement of the capital adequacy OTP banka d.d. envisaged a partial buyback of subordinated instruments. By buying back the subordinated instruments the Bank intends to increase its Core Tier I capital ratio.
The Tender and Exchange Offer relates to the following issues:
1. Floating Rate Perpetual Notes – issued in the amount of €50 million by ING Bank NV, ISIN: XS0270427163
2. LPN – Loan Participation Note – issued in the amount of €100 million by Maribor Finance BV, ISIN: XS0325446903
In accordance with the offer from 13 November 2012, OTP banka is publishing the results of the mentioned offer in the table.
|
|
|
TENDER OFFERS |
EXCHANGE OFFERS | ||
|
Existing Notes |
ISIN |
Aggregate principal amount of Series tendered for purchase |
Aggregate principal amount of Series accepted for purchase |
Aggregate principal amount of Series offered for exchange |
Aggregate principal amount of Series accepted for exchange |
|
Existing Floating Rate Perpetual Notes |
XS0270427163 |
€7,000,000 |
€7,000,000 |
€22,650,000 |
€22,650,000 |
|
Existing Perpetual LPNs |
XS0325446903 |
€26,075,000 |
€26,075,000 |
€42,269,000 |
€42,269,000 |
OTP banka will accept the offer subject to approval of the Bank of Slovenia. The Settlement Date for the Offers is expected to be on or about 14 December 2012.
This announcement will be published on the Bank's website (www.otpbanka.si) from 5 December 2012 onwards.
