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Nigeria’s Zenith Bank begins tender for 7 3/8% notes due 2022
By Marisa Wong
Los Angeles, Sept. 4 – Zenith Bank plc has launched a cash tender offer for any and all of its $500 million 7 3/8% notes due 2022, according to a notice.
The purchase price is $1,085 per $1,000 principal amount.
The offer will expire at noon ET on Sept. 11. Results will be announced on Sept. 12; the guaranteed delivery deadline is 5 p.m. ET on Sept. 13; and the settlement date is expected to be Sept. 16.
Citigroup Global Markets Ltd. (+44 20 7986 8969, liabilitymanagement.europe@citi.com) and Goldman Sachs International (+44 20 7552 6157, liabilitymanagement.eu@gs.com) are the joint dealer managers.
Citibank, NA, London Branch (+44 20 7508 3867, citiexchanges@citi.com) is the information and tender agent.
Zenith is a financial services provider based in Lagos, Nigeria.
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