SANTO
DOMINGO, Dominican Republic, Jan. 26,
2023 /PRNewswire/ -- Reference is made to the offer
to purchase for cash the outstanding notes of the Dominican Republic's (the "Republic") 8.900%
Bonds due 2023 (the "Offer"), set forth in the offer document dated
January 24, 2023 (the "Offer
Document"). The Republic hereby announces that the Purchase Price
and Accrued Interest of the Existing Bonds will be converted into
U.S. dollars at an exchange rate equal to the weighted average of
the buy and sell foreign exchange rates for transactions completed
on the Dominican business day immediately prior to the Expiration
Time by commercial banks and financial institutions in the
Dominican Republic, as calculated
and published by the Central Bank of the Dominican Republic (Banco Central de la
República Dominicana), available at the Central Bank's website
at
https://cdn.bancentral.gov.do/documents/estadisticas/mercado-cambiario/documents/TASA_DOLAR_REFERENCIA_MC.xlsx?v=1674595023895 (the
"Applicable Exchange Rate"). For the avoidance of
doubt, the Central Bank's website to be used in the calculation of
the Applicable Exchange Rate shall be the one indicated here and
not the website indicated in the Offer Document.
No other terms of the Offer have changed. The Offer is
currently scheduled to expire at 8:00
a.m. (New York City time)
on Tuesday, January 31, 2023 (the
"Expiration Time") unless extended or earlier terminated by
the Republic in its sole discretion. Existing Bonds may be validly
withdrawn at any time at or prior to the Expiration Time. The
settlement of validly tendered and accepted Existing Bonds is
expected to occur on Friday, February 3,
2023, or as soon as practicable thereafter, subject to
change without notice.
The Offer Document may be downloaded from website of Global
Bondholder Services Corporation (the "Tender and Information
Agent") at https://www.gbsc-usa.com/dominican/ or obtained from the
Tender and Information Agent or from any of the Dealer Managers at
the contact information below. Questions regarding the Offer may be
directed to the Dealer Managers at the below contact
information.
The Dealer Managers
for the Offer are:
|
|
Citigroup Global
Markets Inc.
388 Greenwich Street,
4th Floor Trading
New York, New York
10013
United States of
America
Attn: Liability
Management Group
Collect: +1 (212)
723-6106
Toll-Free: +1 (800)
558-3745
Email:
ny.liabilitymanagement@citi.com
|
J.P. Morgan
Securities LLC
383 Madison Avenue
New York, New York
10179
United States of America
Attn: Latin America Debt Capital Markets
Collect: +1 (212)
834-7279
Toll-Free: +1 (866) 846-2874
|
The Tender and
Information Agent for the Offer is:
|
|
Global Bondholder
Services Corporation
|
65 Broadway – Suite
404
|
New York, New York
10006
|
United States of
America
|
Attn: Corporate
Actions
|
|
Banks and Brokers call:
+1 (212) 430-3774
|
Toll free +1 (855)
654-2014
|
Email:
contact@gbsc-usa.com
|
Offer Website:
https://www.gbsc-usa.com/dominican/
|
|
By
facsimile:
|
(For Eligible
Institutions only):
|
+1 (212)
430-3775/3779
|
|
Confirmation:
|
+1 (212)
430-3774
|
|
|
|
By
Mail:
|
By Overnight
Courier:
|
By
Hand:
|
65 Broadway – Suite
404
New York, New York
10006
United States of
America
|
65 Broadway – Suite
404
New York, New York
10006
United States of
America
|
65 Broadway – Suite
404
New York, New York
10006
United States of
America
|
|
|
|
Important Notice
This announcement is for informational purposes only. It is not
complete and may not contain all the information that you should
consider before tendering Existing Bonds. You should read the
entire Offer Document.
This announcement is not an offer to purchase for cash or a
solicitation of invitations for offers to purchase for cash any
Existing Bonds. The distribution of materials relating to the Offer
and the transactions contemplated thereby may be restricted by law
in certain jurisdictions. The Offer is being made only by the Offer
Document and in those jurisdictions where it is legal to do so. The
Offer is void in all jurisdictions where it is prohibited. If
materials relating to the Offer come into your possession, you are
required to inform yourself of and to observe all of these
restrictions. Each person accepting the Offer shall be deemed to
have represented, warranted and agreed (in respect of itself and
any person for whom it is acting) that it is not a person to whom
it is unlawful to make the Offer pursuant to the Offer Document, it
has not distributed or forwarded the Offer Document or any other
documents or materials relating to the Offer to any such person,
and that it has complied with all laws and regulations applicable
to it for purposes of participating in the Offer. Neither the
Republic nor the Dealer Managers accepts any responsibility for any
violation by any person of the restrictions applicable in any
jurisdiction.
The materials relating to the Offer, including this
announcement, do not constitute, and may not be used in connection
with, an offer or solicitation in any place where offers or
solicitations are not permitted by law. This announcement and the
Offer Document do not constitute an offer to buy or a solicitation
of an offer to sell any securities in any jurisdiction to any
person to whom it is unlawful to make such offer or solicitation in
such jurisdiction. In any jurisdiction in which the Offer is
required to be made by a licensed broker or dealer and in which any
Dealer Manager or any of its affiliates is so licensed, it shall be
deemed to be made by the Dealer Managers or such affiliates on
behalf of the Republic.
View original
content:https://www.prnewswire.com/news-releases/the-dominican-republic-announces-updated-website-link-for-the-calculation-of-the-applicable-exchange-rate-in-its-offer-to-purchase-existing-bonds-301732107.html
SOURCE The Dominican
Republic