ALLIED IRISH BANKS, P.L.C. ANNOUNCES THE PRELIMINARY RESULTS OF ITS OFFERS TO PURCHASE FOR CASH
(Thomson Reuters ONE) -
+---+
| |
+---+
+---+
| |
+---+
Allied Irish Banks, p.l.c. ("AIB") [NYSE:AIB]
14(th) June 2011
ALLIED IRISH BANKS, P.L.C. ANNOUNCES THE PRELIMINARY RESULTS OF ITS OFFERS TO
PURCHASE FOR CASH
any and all of its outstanding
£350,000,000 Subordinated Callable Fixed/Floating Rate Notes due 2030 (ISIN:
XS0180778507)
(the "2030 Sterling Notes")
U.S.$400,000,000 Dated Callable Step-Up Subordinated Notes due 2015 (ISIN:
XS0197993875)
(the "2015 Dollar Notes")
?400,000,000 Subordinated Callable Step-Up Floating Rate Notes due 2015 (ISIN:
XS0208845924)
(the "2015 Euro Notes")
£500,000,000 Subordinated Callable Fixed/Floating Rate Notes due 2025 (ISIN:
XS0214107053)
(the "2025 Sterling Notes")
?500,000,000 Callable Subordinated Step-Up Floating Rate Notes due 2017 (ISIN:
XS0232498393)
(the "2017 Euro Floating Rate Notes")
£700,000,000 Callable Dated Subordinated Fixed to Floating Rate Notes due July
2023 (ISIN: XS0368068937)
(the "2023 Sterling Notes")
£368,253,000 12.5 per cent. Subordinated Notes due 25 June 2019 (ISIN:
XS0435957682)
(the "2019 Sterling Notes")
?868,518,000 12.5 per cent. Subordinated Notes due 25 June 2019 (ISIN:
XS0435953186)
(the "2019 Euro Notes")
?419,070,000 10.75 per cent. Subordinated Notes due 2017 (ISIN: XS0498532117)
(the "2017 Euro Notes")
U.S.$177,096,000 10.75 per cent. Subordinated Notes due 2017 (ISIN:
XS0498530178)
(the "2017 Dollar Notes")
£1,096,645,000 11.50 per cent. Subordinated Notes due 2022 (ISIN: XS0498531069)
(the "2022 Sterling Notes")
?200,000,000 Perpetual Subordinated Callable Step-Up Notes (ISIN: XS0100325983)
(the "Perpetual Euro Notes")
£400,000,000 Perpetual Callable Step-Up Subordinated Notes (ISIN: XS0227409629)
(the "Perpetual Sterling Notes")
?500,000,000 7.50 per cent. Step-Up Callable Perpetual Reserve Capital
Instruments (ISIN: XS0120950158)
(the "Perpetual RCIs")
U.S.$100,000,000 Subordinated Primary Capital Perpetual Floating Rate Notes
(ISIN: IE0000189625)
(the "Perpetual Dollar Notes" and, together with the 2030 Sterling Notes, the
2015 Dollar Notes,
the 2015 Euro Notes, the 2025 Sterling Notes, the 2017 Euro Floating Rate Notes,
the 2023 Sterling Notes, the 2019 Sterling Notes, the 2019 Euro Notes, the 2017
Euro Notes, the 2017 Dollar Notes, the 2022 Sterling Notes, the Perpetual Euro
Notes, the Perpetual Sterling Notes and the Perpetual RCIs, the "Notes")
and
any and all of the outstanding
AIB UK I LP ?1,000,000,000 Fixed Rate/Floating Rate Guaranteed Non-voting Non-
cumulative
Perpetual Preferred Securities having the benefit of a subordinated guarantee
of Allied Irish Banks, p.l.c. (ISIN: XS0208105055)
(the "AIB UK I PPS")
AIB UK 2 LP ?500,000,000 Fixed Rate/Floating Rate Guaranteed Non-voting Non-
cumulative
Perpetual Preferred Securities having the benefit of a subordinated guarantee
of Allied Irish Banks, p.l.c. (ISIN: XS0257734037)
(the "AIB UK 2 PPS")
AIB UK 3 LP £350,000,000 Fixed Rate/Floating Rate Guaranteed Non-voting Non-
cumulative
Perpetual Preferred Securities having the benefit of a subordinated guarantee
of Allied Irish Banks, p.l.c. (ISIN: XS0257571066)
(the "AIB UK 3 PPS" and, together with the AIB UK I PPS and the AIB UK 2 PPS,
the "PPS")
On 13 May 2011, Allied Irish Banks, p.l.c. (the "Bank") announced that it was
inviting all holders of the Notes (subject to the invitation restrictions set
out in the Tender and Consent Memorandum (as defined below)) to (i) tender any
and all of the Notes for purchase by the Bank for cash, and (ii) consent (the
"AIB Consent Invitation") to certain modifications of the terms of the Notes
(together, the "AIB Offer").
The Bank also announced that it was inviting holders (subject to the invitation
restrictions set out in the Tender and Consent Memorandum) to tender any and all
of the PPS for purchase by the Bank for cash.
In addition on the same date, AIB G.P. No. 1 Limited ("AIB GP") announced that
it was inviting all holders of the PPS (subject to the invitation restrictions
set out in the Tender and Consent Memorandum) to consent (the "LP Consent
Invitation" and together with the AIB Consent Invitation, the "Consent
Invitations" and each a "Consent Invitation") to certain modifications of the
terms of the PPS (together with the Bank's invitation to such holders, the "LP
Offer" and together with the AIB Offer, the "Offers" and each an "Offer").
The Offers were made upon the terms and subject to the conditions contained in
the tender and consent memorandum dated 13 May 2011 (the "Tender and Consent
Memorandum").
In conjunction with the invitation to tender any and all of the Notes or PPS, as
applicable, each of the Bank (in respect of the Notes) and AIB GP (in respect of
the PPS) invited holders of each Series of Notes and PPS (subject to the
invitation restrictions set out in the Tender and Consent Memorandum) to
consider, and, if thought fit, pass, the relevant Extraordinary Resolution (each
an "Extraordinary Resolution") in relation to certain modifications of the terms
of each Series of the Notes and/or PPS (and the guarantees in respect of the
PPS) as further described in the Tender and Consent Memorandum.
This announcement is made in accordance with the Tender and Consent Memorandum.
Capitalised terms used and not otherwise defined in this announcement have the
meaning given in the Tender and Consent Memorandum.
The Bank hereby announces the provisional aggregate nominal amount of each
Series of Notes (other than the 2015 Euro Notes, the 2023 Sterling Notes and the
2017 Euro Notes, together the "Delayed Settlement Notes") and PPS validly
tendered pursuant to the relevant Offer as set out in the table below.
Description of the Common code/ISIN Outstanding nominal Provisional
Notes amount prior to aggregate nominal
settlement of the amount of Notes
AIB Offer validly tendered
£350,000,000 018077850/ £145,000 £145,000
Subordinated Callable XS0180778507
Fixed/Floating Rate
Notes due 2030
U.S.$400,000,000 019799387/ U.S.$39,316,000 U.S.$38,359,000
Dated Callable Step- XS0197993875
Up Subordinated Notes
due 2015
£500,000,000 021410705/ £1,261,000 £125,000
Subordinated Callable XS0214107053
Fixed/Floating Rate
Notes due 2025
?500,000,000 Callable 023249839/ ?75,215,000 ?49,930,000
Subordinated Step-Up XS0232498393
Floating Rate Notes
due 2017
£368,253,000 12.5 per 043595768/ £215,963,000 £41,103,000
cent. Subordinated XS0435957682
Notes due 25 June
2019
?868,518,000 12.5 per 043595318/ ?628,448,000 ?588,498,000
cent. Subordinated XS0435953186
Notes due 25 June
2019
U.S.$177,096,000 049853017/ U.S.$108,105,000 $93,510,000
10.75 per cent. XS0498530178
Subordinated Notes
due 2017
£1,096,645,000 11.50 049853106/ £385,344,000 £384,294,000
per cent. XS0498531069
Subordinated Notes
due 2022
?200,000,000 010032598/ ?53,793,000 ?53,515,000
Perpetual XS0100325983
Subordinated Callable
Step-Up Notes
£400,000,000 022740962/ £58,608,000 £58,558,000
Perpetual Callable XS0227409629
Step-Up Subordinated
Notes
?500,000,000 7.50 per 0120950515/ ?240,435,000 ?229,494,000
cent. Step-Up XS0120950158
Callable Perpetual
Reserve Capital
Instruments
U.S.$100,000,000 001056093/ U.S.$100,000,000 $98,980,000
Subordinated Primary IE000018962
Capital Perpetual
Floating Rate Notes
Description of the PPS Common code/ISIN Outstanding nominal Provisional
amount prior to aggregate nominal
settlement of the LP amount of PPS
Offer validly tendered
AIB UK I LP 020810505/ ?191,398,000 ?187,390,000
?1,000,000,000 Fixed XS0208105055
Rate/Floating Rate
Guaranteed Non-voting
Non-cumulative
Perpetual Preferred
Securities
AIB UK 2 LP 025773403/ ?95,041,000 ?94,624,000
?500,000,000 Fixed XS0257734037
Rate/Floating Rate
Guaranteed Non-voting
Non-cumulative
Perpetual Preferred
Securities
AIB UK 3 LP 025757106/ £36,728,000 £36,181,000
£350,000,000 Fixed XS0257571066
Rate/Floating Rate
Guaranteed Non-voting
Non-cumulative
Perpetual Preferred
Securities
The provisional aggregate nominal amount of all Notes and PPS validly tendered
is in excess of 86 per cent. of the aggregate outstanding nominal amount such
Notes and PPS which the Bank offered to purchase pursuant to the Offers. The
Bank expects to generate approximately ?1.6 billion of Core Tier 1 capital
following completion of the Offers.
As soon as reasonably practicable after conclusion of the Meetings on Thursday,
16 June 2011, (A) the Bank expects to announce whether (i) it accepts for
purchase Notes or PPS validly tendered in the relevant Offer and the aggregate
nominal amount (if any) of Notes or PPS of each Series accepted for purchase,
and (ii) the Extraordinary Resolutions (in relation to the Notes other than the
Delayed Settlement Notes) have been passed, and (B) AIB GP expects to announce
whether the Extraordinary Resolutions (in relation to the PPS) have been passed.
Payment of the Purchase Price in respect of Notes (other than the Delayed
Settlement Notes) and PPS validly tendered in the relevant Offer and accepted
for purchase is expected to be made on Friday, 17 June 2011.
The Bank expects to announce the provisional aggregate nominal amount of each
Series of Delayed Settlement Notes validly tendered pursuant to the AIB Offer on
Thursday, 21 July 2011.
GENERAL
Holders are advised to read carefully the Tender and Consent Memorandum for full
details of, and information on, the Offers. Requests for information in relation
to the Offers should be directed to the Dealer Manager:
THE DEALER MANAGER
J.P. Morgan Securities Ltd.
125 London Wall
London EC2Y 5AJ
United Kingdom
For information by telephone:
+44 (0) 20 7779 2468
Attention: Ryan O'Grady - FIG Syndicate
Email:ryan.ogrady(at)jpmorgan.com
For information by telephone:
+44 (0) 20 7777 1333
Attention: Sebastien Bamsey - Liability Management
Email:sebastien.m.bamsey(at)jpmorgan.com
Requests for information, documents or materials relating to the Offers should
be directed to the Tender and Tabulation Agent:
THE TENDER AND TABULATION AGENT
Lucid Issuer Services Limited
Leroy House
436 Essex Road
London N1 3QP
United Kingdom
For information by telephone: +44 20 7704 0880
For information by facsimile: +44 20 7067 9098
Attention: Yves Theis / David Shilson
Email:aib(at)lucid-is.com
This announcement must be read in conjunction with the Tender and Consent
Memorandum.
This announcement does not constitute an offer to sell or buy or the
solicitation of an offer to sell or buy the Notes or PPS.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Allied Irish Banks, p.l.c. via Thomson Reuters ONE
[HUG#1523426]
Unternehmensinformation / Kurzprofil:
Datum: 14.06.2011 - 18:05 Uhr
Sprache: Deutsch
News-ID 55557
Anzahl Zeichen: 15112
contact information:
Town:
Dublin 4
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 190 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"ALLIED IRISH BANKS, P.L.C. ANNOUNCES THE PRELIMINARY RESULTS OF ITS OFFERS TO PURCHASE FOR CASH"
steht unter der journalistisch-redaktionellen Verantwortung von
Allied Irish Banks, p.l.c. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
