(DTCH) О предстоящем корпоративном действии «Голландский аукцион» — REPUBLIC OF HUNGARY SECREG 21/02/23 (US445545AH91)

Уважаемые клиенты, информируем Вас о том что в Депозитарий АО «АЛЬФА-БАНК» поступили информационные материалы из Euroclear Bank N.A.: «Голландский аукцион» — REPUBLIC OF HUNGARY SECREG 21/02/23 (US445545AH91), с целью доведения указанной информации до лиц, имеющих право на участие в данном корпоративном действии.*

--------------- EVENT DETAILS -------------------
UPDATE 27/09/2017: DEADLINE ACCELERATED
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THE FOLLOWING DEADLINES HAVE BEEN UPDATED:
. INSTRUCTION DEADLINE
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INSTRUCTIONS ALREADY SENT REMAIN VALID
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END OF UPDATE.
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INFORMATION SOURCE:
INFORMATION AGENT: LUCID ISSUER SERVICES LIMITED
TANKERTON WORKS
12 ARGYLE WALK
LONDON WC1H 8HA
UNITED KINGDOM
TELEPHONE: +44 20 7704 0880
ATTENTION: DAVID SHILSON / ARLIND BYTYQI
EMAIL: HUNGARY(AT)LUCID-IS.COM
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GENERAL INFORMATION
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THE OFFEROR IS MAKING THE OFFERS AS PART OF EFFECTIVE HUNGARIAN
CENTRAL GOVERNMENT DEBT MANAGEMENT.
.
1. TENDER AND CONSENT:
NOT APPLICABLE
.
2. CONDITIONS AND RESTRICTIONS: CERTAIN RESTRICTIONS APPLY FOR
THE FOLLOWING COUNTRIES:
. UNITED KINGDOM,
. BELGIUM,
. FRANCE,
. ITALY,
.
THESE RESTRICTIONS APPLY TO BENEFICIAL OWNERS.
.
THE OFFER IS SUBJECT TO, AMONG OTHER THINGS, THE NEW FINANCING
CONDITION.
.
REFER TO THE OFFER DOCUMENTATION FOR THE COMPLETE CONDITIONS AND
RESTRICTIONS OF THIS OFFER.
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TIMETABLE
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. INITIAL ACCEPTANCE DATE: 04/10/2017 AT 11:00 CET
. PRICING DATE: 04/10/2017 AT 13:00 CET
. FINAL ACCEPTANCE DATE: AS SOON AS REASONABLY PRACTICABLE AFTER
THE PRICING TIME.
.
ENTITLEMENT
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1. PURCHASE PRICE:
PURCHASE PRICE WILL BE DETERMINED IN THE MANNER DESCRIBED IN THE
MEMORANDUM BY REFERENCE TO THE SUM OF OF A PURCHASE SPREAD (THE
RELEVANT CLEARING SPREAD) AND THE RELEVANT BENCHMARK SECURITY
RATE.
.
REFERENCE U.S. TREASURY SECURITY:
1.625 PER CENT US TREASURY SECURITY DUE 31/08/2022 (ISIN
US9128282S88)
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THE CLEARING SPREAD IS BASED ON A BIDDING PROCESS (A ’MODIFIED
DUTCH AUCTION’).
TO INSTRUCT FOR THE COMPETITIVE OFFER, YOU NEED TO INCLUDE A BID
SPREAD IN YOUR INSTRUCTION, LESS THAN THE MAXIMUM SPREAD AND
GREATER OR EQUAL TO THE MINIMUM SPREAD
MAXIMUM SPREAD: 85 BASIS POINTS
MINIMUM SPREAD (FOR TECHNICAL REASONS): 1 BASIS POINT
.
THE BID SPREAD NEEDS TO BE IN INCREMENTS OF 1 BASIS POINTS
A BID SPREAD THAT IS NOT IN ACCORDANCE WITH THE SET INCREMENT
WILL BE ROUNDED UP TO THE NEAREST INCREMENT WITHIN THE BID RANGE
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NOTE THAT FOR THE COMPETITIVE OPTION:
. THE HIGHEST BID SPREAD POSSIBLE IS THUS: 84 BASIS POINTS, AND
. THE LOWEST BID SPREAD POSSIBLE IS THUS: 1 BASIS POINT
.
NO BID SPREAD IS NEEDED WHEN YOU INSTRUCT FOR THE NON-
COMPETITIVE OFFER
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2. ACCRUED AND UNPAID INTEREST:
ACCRUED AND UNPAID INTEREST WILL BE PAID UP TO, BUT NOT
INCLUDING, THE SETTLEMENT DATE.
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3. MINIMUM AGGREGATE ACCEPTANCE AMOUNT:
THE OFFER IS NOT CONDITIONAL ON A MINIMUM AGGREGATE AMOUNT OF
SECURITIES BEING TENDERED.
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4. TENDER CAP:
TENDER CAP: USD 1,200,000,000 AN AGGREGATE AMOUNT OF OUTSTANDING
SECURITIES ACCROS ALL SERIES
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5. PRORATION:
IF THE TENDER CAP IS EXCEEDED, INSTRUCTIONS TO TENDER WILL BE
ACCEPTED ON A PRO RATA BASIS SUCH THAT THE AGGREGATE NOMINAL
AMOUNT OF SUCH NOTES ACCEPTED FOR PURCHASE IS NO GREATER THAN THE
RELEVANT SERIES ACCEPTANCE AMOUNT. IN SUCH CIRCUMSTANCES, THE
RELEVANT CLEARING SPREAD WILL BE THE RELEVANT MAXIMUM PURCHASE
SPREAD, AND THE OFFEROR WILL NOT ACCEPT FOR PURCHASE ANY NOTES OF
SUCH SERIES TENDERED PURSUANT TO COMPETITIVE TENDER INSTRUCTIONS.
.
IF THE AGGREGATE NOMINAL AMOUNT OF NOTES OF A SERIES VALIDLY
TENDERED (I) PURSUANT TO NON-COMPETITIVE TENDER INSTRUCTIONS AND
(II) PURSUANT TO COMPETITIVE TENDER INSTRUCTIONS THAT SPECIFY A
PURCHASE SPREAD THAT IS GREATER THAN OR EQUAL TO THE RELEVANT
CLEARING SPREAD, IS GREATER THAN THE RELEVANT SERIES ACCEPTANCE
AMOUNT, THE OFFEROR INTENDS TO ACCEPT FOR PURCHASE
(A) FIRST, ALL NOTES OF SUCH SERIES TENDERED PURSUANT TO
NON-COMPETITIVE TENDER INSTRUCTIONS IN FULL,
(B) SECOND, ALL NOTES TENDERED PURSUANT TO COMPETITIVE TENDER
INSTRUCTIONS FOR WHICH THE PURCHASE SPREAD IS GREATER THAN THE
RELEVANT CLEARING SPREAD AND
© THIRD, ALL NOTES OF SUCH SERIES TENDERED AT THE RELEVANT
CLEARING SPREAD ON A PRO RATA BASIS SUCH THAT THE AGGREGATE
NOMINAL AMOUNT OF NOTES OF SUCH SERIES ACCEPTED FOR PURCHASE IS
NO GREATER THAN THE RELEVANT SERIES ACCEPTANCE AMOUNT. FOR THE
AVOIDANCE OF DOUBT, THE OFFEROR WILL NOT ACCEPT ANY NOTES
TENDERED FOR PURCHASE AT A PURCHASE SPREAD BELOW THE RELEVANT
CLEARING SPREAD.
.
IN THE CIRCUMSTANCES IN WHICH NOTES OF A SERIES VALIDLY TENDERED
PURSUANT TO THE RELEVANT TENDER OFFER ARE TO BE ACCEPTED ON A PRO
RATA BASIS, THE NOTES OF THE RELEVANT SERIES WILL BE SCALED BY A
’SCALING FACTOR’ EQUAL TO (I) THE RELEVANT SERIES ACCEPTANCE
AMOUNT LESS THE AGGREGATE NOMINALAMOUNT OF THE NOTES OF THE
RELEVANT SERIES THAT HAVE BEEN VALIDLY TENDERED AND ACCEPTED FOR
PURCHASE AND ARE NOT SUBJECT TO ACCEPTANCE ON A PRO RATA BASIS
(IF ANY), DIVIDED BY (II) THE AGGREGATE NOMINAL AMOUNT OF THE
NOTES OF THE RELEVANT SERIES THAT HAVE BEEN VALIDLY TENDERED AND
ARE SUBJECT TO ACCEPTANCE ON A PRO RATA BASIS. IN THE EVENT WHERE
NOTES ARE ACCEPTED ON A PRO RATA BASIS, THERE MAY BE A DIFFERENT
SCALING FACTOR FOR THE RELEVANT SERIES AND NOT ONE SINGLE SCALING
FACTOR THAT IS APPLIED ACROSS DIFFERENT SERIES.
.
EACH TENDER OF NOTES ACCEPTED ON A PRO RATA BASIS WILL BE ROUNDED
DOWN TO THE NEAREST DENOMINATION PROVIDED THAT THE OFFEROR WILL
NOT ACCEPT A TENDER OF NOTES IN THIS MANNER WHERE THE ACCEPTANCE
OF PRORATED NOTES WOULD RESULT IN A NOTEHOLDER (I) TRANSFERRING
NOTES TO THE OFFEROR IN A NOMINAL AMOUNT LESS THAN THE RELEVANT
DENOMINATION, OR (II) HOLDING A RESIDUAL AMOUNT OF NOTES TOTALING
LESS THAN THE RELEVANT DENOMINATION OF THE RELEVANT NOTES
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6. POOLFACTOR: NOT APPLICABLE
.
THIS CORPORATE ACTION NOTIFICATION DOES NOT CONSTITUTE AN OFFER
TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES BY
ANYONE IN ANY JURISDICTION.
IT IS NOT, AND SHOULD NOT BE CONSTRUED OR TREATED AS, INVESTMENT
OR FINANCIAL ADVICE. IN PROVIDING THIS INFORMATION, EUROCLEAR
BANK IS NOT ACTING AS AGENT OF THE ISSUER.
BY SENDING AN INSTRUCTION TO EUROCLEAR BANK, YOU CONFIRM THAT YOU
(AND ANY BENEFICIAL OWNER(S) FOR WHOM YOU ACT) COMPLY WITH THE
TERMS AND CONDITIONS OF THE CORPORATE EVENT AND COMPLY WITH
APPLICABLE LOCAL LAWS OR REQUIREMENTS, INCLUDING BUT NOT LIMITED
TO HOLDING AND TRANSFER RESTRICTIONS.
IF HOLDING AND TRANSFER RESTRICTIONS WOULD PROHIBIT YOU (AND ANY
BENEFICIAL OWNER(S) FOR WHOM YOU ACT) TO HOLD THE PROCEEDS OF A
CORPORATE EVENT IN YOUR ACCOUNT IN EUROCLEAR BANK, YOU (AND ANY
BENEFICIAL OWNER(S) FOR WHOM YOU ACT) MUST ENSURE TO SEND AN
INSTRUCTION TO ALLOW THE TRANSFER OF THESE PROCEEDS TO AN ACCOUNT
OUTSIDE THE EUROCLEAR SYSTEM.
.

*АО «АЛЬФА-БАНК» не отвечает за полноту и достоверность информации, полученной от Euroclear Bank N.A.