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Republic of Ecuador (Offeror - Credit Suisse International) - Tender Offer (MDA) - Final Results

Credit Suisse International Announces the Final Results of its Offer to Purchase for Cash Notes of the Republic of Ecuador


04 MAY 2023


Full announcement including disclaimers and offer restrictions available via luxse


"Final Results


The table below sets forth information with respect to the Notes that were validly tendered at or prior to 8:00 a.m., Central European Time on 4 May 2023 (the "Expiration Deadline") and the final amounts that the Offeror will accept for purchase pursuant to the Offer (subject to the satisfaction or waiver of the New Financing Condition on or prior to 9 May 2023 (the "Settlement Date") and the other terms and conditions described in the Tender Offer Memorandum). The Offer expired at the Expiration Deadline, and no further Notes may be tendered for purchase pursuant to the Offer.




"The Offeror announces that it accepted for purchase (i) all Notes tendered pursuant to valid Non-Competitive Offers with no proration, (ii) all Notes tendered pursuant to valid Competitive Offers below the Purchase Price with no proration and (iii) all valid Competitive Offers at the Purchase Price with no proration, subject to the rounding and adjustment provisions set forth in the Tender Offer Memorandum."


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Credit Suisse International Announces an Offer to Purchase for Cash Notes of the Republic of Ecuador


26 APRIL 2023


Full announcement including disclaimers and offer restrictions available via luxse

"26 April 2023 – Credit Suisse International (the "Offeror") announces that it has today launched an offer to purchase for cash, at a price to be determined pursuant to a modified Dutch auction, Notes (as defined below) issued by the Republic of Ecuador (the "Issuer") subject to satisfaction or waiver of the New Financing Condition, the Maximum Aggregate Consideration Amount and the Maximum Series Acceptance Amount (each as defined below) and the other conditions described in the tender offer memorandum dated 26 April 2023 (the "Tender Offer Memorandum")."


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"Rationale for the Offers


The Offeror is making the Offer (subject to the New Financing Condition (as defined below)) as part of a broader refinancing operation to channel savings and promote certain conservation and sustainability efforts of the Issuer."

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