Fortis Finance Public Offer on EUR 1.0 billion of outstanding debt
securities to commence on 10 Nove
(Thomson Reuters ONE) - On 24 September 2009 Fortis Finance announced its intention to launcha voluntary public offer in cash on its EUR 1.0 billion ofoutstanding debt under the EuropeanMedium Term Notes (EMTN) programme and the Inflation Linked Notes.The public offer is part of Fortis' plan to proactively manage thelegacy issues.On 3 November 2009 the Belgian regulator CBFA approved theprospectus, which will be available as of the start of the acceptanceperiod, being 10 November 2009. The acceptance period will close on30 November 2009, and Fortis Finance will announce the results of thebid on 4 December 2009. The prospectus includes a complete list ofall notes to which the public offer applies. Settlement of the bidprice, including payment of accrued interest, will take place on 11December 2009.The bid price for all notes other than the structured notes is thenominal value of the note plus accrued interest; for the creditlinked structured note with ISIN XS0173164780 the bid price amountsto 95.139% of the nominal value of the note, plus accrued interest,while for the inflation linked structured note with ISIN XS0181100834the bid price amounts to 111.815% of the nominal value of the note,plus accrued interest.As from 10 November 2009 an electronic version of the prospectus willbe made available on Fortis' website(www.fortis.com/Debtinvestors/index.asp). As of the same date, apaper version of the prospectus can be requested free of charge fromFortis Finance and BGL BNP Paribas.The takeover bid is only made in Belgium, the Netherlands andLuxembourg. This press release does not constitute a public offeringto purchase or sell nor a request by anyone in any jurisdiction wheresuch a public offering or request is not permitted or by any personfor whom it is unlawful to make such a public offering or request orto any person to whom it is unlawful to make such a public offeringor request. No action has been taken (nor shall steps be taken)outside Belgium, the Netherlands or Luxembourg to enable a publicoffering in any jurisdiction where action would be required for thatpurpose. Accordingly, this press release may not be supplied to thepublic in any jurisdiction outside Belgium, the Netherlands orLuxembourg where a registration, qualification or any otherobligation is in force or would be with regard to a public offeringto purchase or sell. Any failure to comply with these restrictionsmay constitute a violation of the financial laws and regulations inother jurisdictions.With insurance as core business, Fortis (www.fortis.com) employs over10,000 people in in Belgium and internationally. Its four key marketsare Belgium, the United Kingdom, Continental Europe and Asia.Fortis's 75%-owned subsidiary AG Insurance is the long-establishedleader in its domestic Belgian Life and Non-Life insurance markets.It is also a leading player in the Employee Benefits segment.Outside Belgium, the wholly-owned subsidiary Fortis InsuranceInternational is active in the three other markets through directsubsidiaries, joint ventures and local partnerships. Fortis is set tobecome the second largest motor insurer in the UK and the company isalso applying its know-how in Asia to build high value-addedpartnerships.In 2008, 54% of Fortis's insurance revenues were generated by theBelgian market and 46% by the three other markets.Fortis additionally holds a 45% interest in the structured creditportfolio entity Royal Park Investments, and is the 100% owner ofseveral financing vehicles, of which it manages the assets andliabilities.The company is listed on Euronext (Brussels - Amsterdam).Fortis's robust commitment to social responsibility is expressedthrough the activities of its Fortis Foundations, which are dedicatedto philanthropy and promoting volunteer work.Press Contacts:Brussels: +32 (0)2 565 22 66Investor Relations:Brussels: +32 (0)2 565 53 78 Utrecht: +31 (0)30 226 65 66http://hugin.info/134212/R/1353413/327815.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 06.11.2009 - 17:32 Uhr
Sprache: Deutsch
News-ID 8065
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securities to commence on 10 Nove"
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