REG - Uzbek Ind & Const Bk - Results Announcement

Raiffeisen Bank International AGAnnouncement

23/07/2024 11:15

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RNS Number : 4689X  Uzbek Ind & Construction Bank  23 July 2024

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JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

23 July 2024

On 12 July 2024, Joint-Stock Commercial Bank "Uzbek Industrial and
Construction Bank" (the "Offeror") launched an invitation to the holders of
the outstanding U.S.$300,000,000 5.75 per cent. Notes due 2 December 2024
(ISIN: XS2083131859) (the "Notes") issued by the Offeror (the "Offer").

The Offer was made on the terms and subject to the conditions contained in the
tender offer memorandum dated 12 July 2024 (the "Tender Offer Memorandum").
Capitalised terms used in this announcement but not otherwise defined have the
meanings given to them in the Tender Offer Memorandum.

The Offer expired at 4.00 p.m. (London time) on 22 July 2024 (the "Expiration
Deadline"). As at the Expiration Deadline, the Offeror has received valid
tenders of U.S.$221,780,000 in principal amount of Notes for purchase pursuant
to the Offer.

On 22 July 2024, the Offeror completed the signing in respect of an issue of
U.S.$400,000,000 8.950 per cent. Notes due 2029 and accordingly the New
Financing Condition is expected to be satisfied prior to the Settlement Date
of 25 July 2024.

Accordingly, the Offeror hereby announces that it will accept (subject to
satisfaction (or waiver) of the New Financing Condition on or prior to the
Settlement Date) all U.S.$221,780,000 in principal amount of Notes validly
tendered for purchase pursuant to the Offer. The Offeror intends to cancel any
Notes purchased pursuant to the Offer and the principal amount of the Notes
that will remain outstanding following any such cancellation will be
U.S.$78,220,000.

This announcement is made by Mr. Aziz Akbarjonov, Chairman of the Management
Board, on behalf of Joint-Stock Commercial Bank "Uzbek Industrial and
Construction Bank" and constitutes a public disclosure of inside information
under Regulation (EU) 596/2014 as it forms part of United Kingdom domestic law
by virtue of the European Union (Withdrawal) Act 2018.

Contact Details:

 THE OFFEROR
 "Uzpromstroybank" JSCB

 3 Shaxrisabskaya Street
 Tashkent 100000
 Republic of Uzbekistan

THE DEALER MANAGERS

 BancTrust Investment Bank Limited               Citigroup Global Markets Limited

                                               Citigroup Centre
 8 Bishopsgate
Canada Square

Canary Wharf
 Level 36
London E14 5LB

United Kingdom
 London, EC2N 4BQ

 United Kingdom
 Telephone:  +44 20 8161 2018                    Telephone:  +44 20 7986 8969

Attention:  Liability Management
Attention:  Liability Management Group

Email:  Liability_Management@banctrust.co.uk
Email:  liabilitymanagement.europe@citi.com
 J.P. Morgan Securities plc                      Raiffeisen Bank International AG
 25 Bank Street

 Canary Wharf                                    Am Stadtpark 9
 London E14 5JP

 United Kingdom                                  1030 Vienna

                                                 Austria

 Telephone:  +44 20 7134 2468                    Telephone: +43 171707 3951

Attention:  Liability Management
Email: tmg@rbinternational.com;

Email:  em_europe_lm@jpmorgan.com

                                                 project-bondsyndication@rbinternational.com

                                                 Attention: Transaction Management Team
 Société Générale

Immeuble Basalte

 17 Cours Valmy

  CS 50318

 92972 Paris La Défense Cedex

France
 Telephone: +33 1 42 13 32 40

Email: liability.management@sgcib.com

 Attention: Liability Management
 THE TENDER AGENT

 Citibank, N. A., London Branch

 Citigroup Centre

 Canada Square

 Canary Wharf

 London E14 5LB

United Kingdom

 Telephone:  +44 20 7508 3867

Email: Citiexchanges@citi.com

 

DISCLAIMER This announcement must be read in conjunction with the Tender Offer
Memorandum. No offer or invitation to acquire or exchange any securities is
being made pursuant to this announcement. The distribution of this
announcement and the Tender Offer Memorandum in certain jurisdictions may be
restricted by law. Persons into whose possession this announcement and/or the
Tender Offer Memorandum comes are required by each of the Offeror, the Dealer
Managers and the Tender Agent to inform themselves about and to observe any
such restrictions.

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