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JSC TBC Bank - Tender Offer 2024 (XS/US) - Early Tender Results

JSC TBC BANK ANNOUNCES EARLY TENDER RESULTS IN RESPECT OF THE OFFER TO PURCHASE ANY AND ALL OF ITS 5.75% NOTES DUE 2024 -XS1843434363/US48128XAA19

29 APRIL 2024


Full announcement including disclaimers and offer restrictions available via Euronext


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"As of 5:00 p.m., New York City time, on 26 April 2024 (the "Early Tender Participation Deadline"), U.S.$98,483,000 in aggregate principal amount of outstanding Notes had been validly tendered and not withdrawn. The Offeror had also acquired U.S.$3,209,000 in aggregate principal amount of outstanding Notes at a price equivalent to the Total Consideration through privately negotiated transactions, and the Notes so acquired will be owned by the Offeror and will not be cancelled.


Payment for Notes tendered at or prior to the Early Tender Participation Deadline and accepted for purchase (comprising payment of the Total Consideration and Accrued Interest) will be made on 30 April 2024 (the "Early Settlement Date"), and the Notes so purchased will be cancelled. Following the Early Settlement Date, the remaining outstanding aggregate principal amount of the Notes is expected to be U.S.$146,837,000, of which the Offeror will own U.S.$19,394,000.


The Tender Offer will expire at 11:59 p.m., New York City time, on 10 May 2024, unless extended or earlier terminated (such time and date, as the same may be extended, the "Expiration Deadline"). The Withdrawal Deadline was 5:00 p.m., New York City time, on 26 April 2024. Payment for Notes validly tendered after the Early Tender Participation Deadline but, at or prior to, the Expiration Deadline and accepted for purchase (comprising the Tender Offer Consideration and Accrued Interest), if any, will be made on 14 May 2024 (the "Final Settlement Date")."


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JSC TBC BANK ANNOUNCES AN OFFER TO PURCHASE ANY AND ALL OF ITS 5.75% NOTES DUE 2024 -XS1843434363/US48128XAA19

15 APRIL 2024


Full announcement including disclaimers and offer restrictions available via Euronext


15 April 2024 - JSC TBC Bank (the "Offeror"), a joint stock company incorporated under the laws of Georgia, announces the launch of its offer to purchase (the "Tender Offer") for cash any and all of the outstanding principal amount of its 5.75% Notes due 2024 issued by the Offeror (the "Notes"). The Tender Offer is made upon the terms, and subject to the conditions, set forth in the offer to purchase dated 15 April 2024 (the "Offer to Purchase").

The Tender Offer will expire at 11:59 p.m., New York City time, on 10 May 2024, unless extended or earlier terminated (such time and date, as the same may be extended, the "Expiration Deadline"). Holders that tender their Notes may withdraw such Notes at any time prior to 5:00 p.m., New York City time, on 26 April 2024 (such time and date, as the same may be extended, (the "Withdrawal Deadline")).


The following table sets forth certain terms of the Tender Offer:



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