Moscow’s DME Airport tenders for two series of notes due 2021, 2023

By Rebecca Melvin

New York, Jan. 20 – DME Airport DAC has commenced a consent and tender offer regarding its $350 million 5 7/8% loan participation notes 2021 (ISIN: XS1516324321) and a tender offer for its $300 million 5.075% loan participation notes due 2023 (ISIN: XS1772800204), according to two announcements.

For any and all of the 5 7/8% notes, the company is offering to pay par plus an early tender premium of $26.25 for a total consideration of $1.026.25 per $1,000 principal amount of notes.

For the 5.075% notes, it is offering to pay par plus a $20 early tender premium for a total consideration of $1,020 per $1,000 principal amount of notes.

The maximum acceptance amount for the 5.075% notes is $150 million.

The early participation deadline for both tenders is 11 a.m. ET on Jan. 27, and the offers expire at 11 a.m. ET on Feb. 9.

J.P. Morgan Securities plc (44 20 7134 2468, l@jpmorgan.com), Raiffeisen Bank International AG (43 17 1707 1826, rbi-tm@rbinternational.com) and Societe Generale (33 142 133 240, liability.management@sgcib.com) are the joint dealer managers for the offers.

Lucid Services Ltd. (44 20 7704 0880, 852 2281 0114, dmeairport@lucid-is.com) will act as tender agent.

Dublin-based DME manages, operates and develops Domodedovo airport in Moscow.

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