Market Notice Regarding Tender Offer Results
Anglo Irish Bank Corporation Limited Announces Tender Offer Results in Respect of Seven Series of Securities.
Not for release, publication or distribution to any person located or resident in the United States or the Republic of Italy.
Dublin,31 July 2009: Anglo Irish Bank today announces the results of an invitation to holders of the following series of securities (the Securities) to tender any and all of the Securities for purchase by (i) in respect of the 2004B Securities and the 2005 Securities, Anglo Irish Bank Corporation Limited (the Bank) and (ii) in respect of the 2001 Securities, the 2002 Securities, the 2004A Securities, the 2006 Securities and the 2007 Securities, Anglo Irish Asset Finance plc (Asset Finance and together with the Bank, the Offerors)(the Offer):
£200,000,000 8.5325 per cent. Guaranteed Step-up Callable Perpetual Capital Securities issued by Anglo Irish Asset Finance plc (the 2001 Securities)
£250,000,000 7.625 per cent. Tier One Non-Innovative Capital Securities issued by Anglo Irish Asset Finance plc in one tranche of £160,000,000 and one tranche of £90,000,000 (the 2002 Securities)
€600,000,000 Fixed Rate/Variable Rate Guaranteed Non-voting Non-cumulative Perpetual Preferred Securities issued by Anglo Irish Capital UK LP (the 2004A Securities)
€600,000,000 Fixed Rate/Floating Rate Guaranteed Non-voting Non-cumulative Perpetual Preferred Securities issued by Anglo Irish Capital UK (2) LP (the 2006 Securities)
£350,000,000 Fixed Rate/Floating Rate Guaranteed Non-voting Non-cumulative Perpetual Preferred Securities issued by Anglo Irish Capital UK (3) LP(the 2007 Securities)
€750,000,000 Floating Rate Subordinated Notes issued by Anglo Irish Bank Corporation plc (now Anglo Irish Bank Corporation Limited) (the 2004B Securities)
£300,000,000 Callable Fixed to Floating Rate Undated Subordinated Notes issued by Anglo Irish Bank Corporation plc (now Anglo Irish Bank Corporation Limited)(the 2005 Securities)
The Offer was made on the terms of and subject to the conditions contained in a tender offer memorandum (the Tender Offer Memorandum) dated 22 July 2009. Capitalised terms used in this announcement and not otherwise defined have the meanings given to them in the Tender Offer Memorandum.
The Expiration Deadline for the Offer was 5.00 p.m. London time on 30 July 2009 and the results of the Offer are as follows:
| Description of the Securities | Outstanding nominal amount | Nominal amount of Securities validly tendered | Percentage of Securities validly tendered |
| £200,000,000 8.5325 per cent. Guaranteed Step-up Callable Perpetual Capital Securities issued by Anglo Irish Asset Finance plc | £200,000,000 | £180,990,000 | 90.50% |
| £250,000,000 7.625 per cent. Tier One Non-Innovative Capital Securities issued by Anglo Irish Asset Finance plc in one tranche of £160,000,000 and one tranche of £90,000,000 | £250,000,000 | £220,061,000 | 88.02% |
| €600,000,000 Fixed Rate/Variable Rate Guaranteed Non-voting Non-cumulative Perpetual Preferred Securities issued by Anglo Irish Capital UK LP | €600,000,000 | €403,247,000 | 67.21% |
| €750,000,000 Floating Rate Subordinated Notes issued by Anglo Irish Bank Corporation plc (now Anglo Irish Bank Corporation Limited) | €750,000,000 | €388,295,000 | 51.77% |
| £300,000,000 Callable Fixed to Floating Rate Undated Subordinated Notes issued by Anglo Irish Bank Corporation plc (now Anglo Irish Bank Corporation Limited) | £300,000,000 | £260,785,000 | 86.93% |
| €600,000,000 Fixed Rate/Floating Rate Guaranteed Non-voting Non-cumulative Perpetual Preferred Securities issued by Anglo Irish Capital UK (2) LP | €600,000,000 | €525,741,000 | 87.62% |
| £350,000,000 Fixed Rate/Floating Rate Guaranteed Non-voting Non-cumulative Perpetual Preferred Securities issued by Anglo Irish Capital UK (3) LP | £350,000,000 | £344,397,000 | 98.40% |
The Offerors have instructed the Tender Agent to accept for purchase all Securities validly tendered in the Offer and the Purchase Price and (if applicable) Accrued Interest for such Securities will be paid on the Settlement Date (which is expected to be 4 August 2009), subject to the terms and conditions in the Tender Offer Memorandum.
For further information, please contact:
Barclays Bank PLC
5 The North Colonnade
Canary Wharf
London E144BB
United Kingdom For information by telephone:
+44 207 773 8990
Attention: Liability Management Group
Email: eu.lm@barcap.com | J.P. Morgan Securities Limited125 London Wall
London EC2Y 5AJ
United Kingdom For information by telephone:
+44 (0) 20 7777 1333
Attention: Sebastien Bamsey – Liability Management
Email: sebastien.m.bamsey@jpmorgan.com For information by telephone:
+44 (0) 20 7779 2468
Attention: Richard Howard – FIG Syndicate
Email: Richard.v.howard@jpmorgan.com |
Lucid Issuer Services Limited
Leroy House
436 Essex Road
London N1 3QP
United Kingdom For information by telephone: +44 20 7704 0880
For information by facsimile: +44 20 7067 9098
Attention: Yves Theis / Lee Pellicci
Email: angloirish@lucid-is.com |
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO BUY OR A SOLICITATION OF AN OFFER TO SELL SECURITIES, AND TENDERS OF SECURITIES IN THE OFFER ARE NOT ACCEPTED FROM HOLDERS IN ANY JURISDICTION IN WHICH SUCH OFFER OR SOLICITATION IS UNLAWFUL.
-Ends-
31st July 2009
Natasha Mercer
Group Company Secretary
Tel: +353 1 616 2877