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Bank of Cyprus Holdings Plc - Tender Offer - Update

Announcement Refinancing of AT1 Capital Securities


13 JUNE 2023


Full announcement including disclaimers and offer restrictions available via Luxse


"Bank of Cyprus Holdings Public Limited Company (the ‘Company’ or ‘BOC Holdings’ and, together with its subsidiaries, the ‘Group’) announces today that the Company has successfully launched and priced an issue of €220 mn Fixed Rate Reset Perpetual Additional Tier 1 Capital Securities (the ‘New Capital Securities’)."


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BANK OF CYPRUS HOLDINGS PUBLIC LIMITED COMPANY LAUNCHES CASH TENDER OFFER


12 JUNE 2023


Full announcement including disclaimers and offer restrictions available via Luxse


"Bank of Cyprus Holdings Public Limited Company (the Offeror) announces today that it is inviting holders of its outstanding €220,000,000 Fixed Rate Reset Perpetual Additional Tier 1 Capital Securities (ISIN: XS1865594870) (the Capital Securities) to tender any and all of such Capital Securities for purchase by the Offeror for cash subject to the satisfaction of the New Issue Condition (such invitation, the Offer)."


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"Summary


A summary of certain key terms relevant to the Offer appears below:


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"Rationale


The purpose of the Offer is to provide liquidity to Holders and it is being made as part of the Bank of Cyprus group’s proactive management of its consolidated capital profile."

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