Fidelity Bank to launch up to $500 mln senior unsecured debt notes


Fidelity Bank plc, a public limited liability company incorporated in the Federal Republic of Nigeria (the “Company”) has today launched an invitation to holders (the “Note holders”) of the U.S.$300,000,000 6.875% Notes due 9 May 2018 (Regulation S: Common Code: 092852725, ISIN: XS0928527257; Rule 144A: Common Code: 092863310, ISIN: US316044AA48, CUSIP: 316044AA4) (the “Notes”) issued by the Company subject to the Offer and Distribution restrictions below, and upon the terms and subject to the conditions, including the Financing Condition, set forth in a tender offer memorandum dated 28 September 2017 (the “Tender Offer Memorandum”), to tender Notes for purchase by the Company for the Purchase Price plus the Accrued Interest Amount in accordance with the procedures described in the Tender Offer Memorandum. The invitation to tender the Notes for purchase is referred to as the “Tender Offer”.

The Tender Offer is being made in connection with a concurrent offering of new unsecured and unsubordinated notes (the “New Notes”) by the Company (the “New Offering”). The New Offering will be exempt from the registration requirements of the United States Securities Act of 1933, as amended (the “Securities Act”). The Tender Offer is not an offer to sell or a solicitation of an offer to buy the New Notes. Note holders who wish to tender their Notes for cash and also subscribe for the New Notes should quote an Allocation Identifier Code, which can be obtained by contacting the Joint Dealer Managers, in their ATOP or Electronic Instruction.

Capitalised terms used in this announcement but not otherwise defined have the meanings given to them in the Tender Offer Memorandum.

This announcement does not constitute an offer to acquire any of the Notes, which is being made solely pursuant to the Tender Offer Memorandum. Note holders are advised to read the Tender Offer Memorandum for full details of, and information on, procedures for participating in the Tender Offer.


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