Tender Offer (0740Z)

TIDM43PS

RNS Number : 0740Z

Abanka Vipa d.d.

09 March 2012

ABANKA D.D. ANNOUNCES PRICING AND RESULTS OF THE INVITATION FOR OFFERS TO SELL SECURITIES FOR CASH

NOT FOR DISTRIBUTION TO ANY US PERSON (AS DEFINED IN REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED)

9 March 2012

On 29 February 2012, Abanka Vipa d.d. (the "Issuer") invited holders of its EUR500,000,000 Floating Rate Notes due 2012 guaranteed by the Republic of Slovenia (of which EUR350,589,000 is currently outstanding) (the "Notes") to submit offers to sell ("Offers to Sell") their Notes to the Issuer for cash (the "Tender Offer").

The Tender Offer was made on the terms and subject to the conditions contained in the tender offer memorandum dated 29 February 2012 (the "Tender Offer Memorandum"). Capitalised terms used in this announcement have the same meanings ascribed to them in the Tender Offer Memorandum. The Tender Offer expired at 4.00 p.m. CET on 8 March 2012.

The Purchase Price for the Notes accepted for purchase is EUR1,004 per EUR1,000 principal amount, as determined by the Issuer and the Dealer Managers at the Pricing Time. All Notes tendered on a non-competitive basis and Notes tendered at a price equal to or below the Purchase Price have been accepted in full. The Issuer is pleased to announce that it has accepted for purchase an aggregate principal amount of Notes of EUR69,501,000.

The Purchase Price, together with the Accrued Interest (which will be calculated to reflect 85 days of accrued and unpaid interest on the nominal amount of Notes submitted for sale by a Holder and accepted by the Issuer for purchase), will be paid to Noteholders whose Notes have been accepted for purchase by the Issuer. The total Tender Consideration for each Holder will reflect the Purchase Price and such Accrued Interest.

For the avoidance of doubt, all Notes tendered at a price above the Purchase Price have been rejected.

Settlement is expected to occur on 13 March 2012.

 
      Notes             ISIN           Maturity         Purchase        Principal       Principal 
                                         Date             Price           Amount          Amount 
                                                                         Accepted       Outstanding 
                                                                       for Purchase      following 
                                                                                        completion 
                                                                                         of Tender 
                                                                                           Offer 
-----------------  --------------  ---------------  ---------------  --------------  --------------- 
 EUR500,000,000                      The interest 
  Floating                              payment 
  Rate Notes                         date falling 
  due 2012                               on or 
  (of which                             nearest         EUR1,004 
  EUR350,589,000                         to 18        per EUR1,000 
  is currently                         September        principal 
  outstanding)      XS0452852196         2012            amount       EUR69,501,000   EUR281,088,000

For further information:

A complete description of the terms and conditions of the Tender Offer is set out in the Tender Offer Memorandum. Further details about the transaction can be obtained from:

The Joint Dealer Managers:

Erste Group Bank AG

   Tel:             +43 50100 84024 
Fax:            +43 50100 9 84024  Attention: FI Syndicate 
 Email:         syndicate@erstegroup.com

UniCredit Bank AG

   Tel:             +49 89 378 14182 
Fax:            +49 89 378 3314182 Attention: FI & Public Sector Origination 
 Email:         martina.knorrek@unicreditgroup.de

The Tender Agent:

The Bank of New York Mellon

   Tel:             +44 20 7964 4958 
Fax:            +44 20 7964 2536 Attention: Debt Restructuring Services 
 Email:         debtrestructuring@bnymellon.com

Neither of the Joint Dealer Managers take responsibility for the contents of this announcement and none of the Issuer, the Joint Dealer Managers, the Tender Agent or any of their respective directors, employees or affiliates makes any representation or recommendation whatsoever regarding the Tender Offer. This announcement must be read in conjunction with the Tender Offer Memorandum.

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO PURCHASE ANY SECURITIES OR A SOLICITATION OF AN OFFER TO SELL ANY SECURITIES.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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