HB: Approval of Prospectus by SEC for issue of €90m bonds
19/5/2009 10:27
Further to the announcement dated March 12, 2009 on the issue of €90,000,000 Bonds 2019 (900,000 bonds of nominal value €100 each) of Hellenic Bank Public Company Ltd, we wish to inform you that the Prospectus for their listing in the CSE has been approved by the Securities and Exchange Commission on May 18, 2009. The Prospectus has been prepared based on the Public Offering and Prospectus Law 2005.
The Bonds were issued on March 11, 2009 and have 10-year duration. Their interest will be payable on a three-month basis and will be paid cash at the end of each period. The first payment will cover the period from March 11, 2009 to June 30, 2009. Later interest payments will be carried out at the end of each quarter from September 30, 2009 etc.
The Bonds bear a stable rate for the first year equal to 7.5% and a floating rate for the remaining periods until the end of the fifth year equal to the 3-month Euribor that will be valid at the beginning of each period plus 4.60%.
After March 11, 2014, the Bonds 2019, if they have not been acquired by the Bank, will bear an additional rate of 2%. As a result, the interest rate after March 11, 2014 – if the Bonds 2019 have not been acquired by the bank – will be equal to the 3-month Euribor plus 6.60%.
Following the Central Bank’s approval and a warning not less than 30 and not more than 60 days to the Commissioner and the Bond Holders 2019, the Bank will be able to acquire the Bonds 2019 on the first Date of Interest Payment after March 11, 2014 and any other Date of Interest Payment after that date.
The Bonds 2019 will be listed in the CSE as soon as the necessary approval by the competent authorities is secured. Hellenic Bank Public Company Ltd intends to submit a Prospectus to the Securities and Exchange Commission and an application to the CSE for the listing of Bonds 2019.
The Prospectus as approved by the SEC is available at the following websites:
- The Bank’s website, www.hellenicbank.com
- The CSE website, www.cse.comcy
Copies and further clarifications on the Prospectus will be available at:
- The bank’s registered office, Limassol Avenue & Athalassas 200, 1394 Nicosia, Cyprus, tel. 22500000.
- The office of Hellenic Bank (Investments) Ltd, 31 Kyriakou Matsi Avenue, 1082 Nicosia, tel. 22500135.
The Bonds were issued on March 11, 2009 and have 10-year duration. Their interest will be payable on a three-month basis and will be paid cash at the end of each period. The first payment will cover the period from March 11, 2009 to June 30, 2009. Later interest payments will be carried out at the end of each quarter from September 30, 2009 etc.
The Bonds bear a stable rate for the first year equal to 7.5% and a floating rate for the remaining periods until the end of the fifth year equal to the 3-month Euribor that will be valid at the beginning of each period plus 4.60%.
After March 11, 2014, the Bonds 2019, if they have not been acquired by the Bank, will bear an additional rate of 2%. As a result, the interest rate after March 11, 2014 – if the Bonds 2019 have not been acquired by the bank – will be equal to the 3-month Euribor plus 6.60%.
Following the Central Bank’s approval and a warning not less than 30 and not more than 60 days to the Commissioner and the Bond Holders 2019, the Bank will be able to acquire the Bonds 2019 on the first Date of Interest Payment after March 11, 2014 and any other Date of Interest Payment after that date.
The Bonds 2019 will be listed in the CSE as soon as the necessary approval by the competent authorities is secured. Hellenic Bank Public Company Ltd intends to submit a Prospectus to the Securities and Exchange Commission and an application to the CSE for the listing of Bonds 2019.
The Prospectus as approved by the SEC is available at the following websites:
- The Bank’s website, www.hellenicbank.com
- The CSE website, www.cse.comcy
Copies and further clarifications on the Prospectus will be available at:
- The bank’s registered office, Limassol Avenue & Athalassas 200, 1394 Nicosia, Cyprus, tel. 22500000.
- The office of Hellenic Bank (Investments) Ltd, 31 Kyriakou Matsi Avenue, 1082 Nicosia, tel. 22500135.
