TIDM16ER
RNS Number : 0531Q
YES Bank Limited
14 February 2019
February 14, 2019
India International Exchange IFSC The Singapore Exchange Securities
Limited Trading Limited
101 First Floor, Hiranandani Signature 2, Shenton Way #19-00
Tower, SGX Centre 1, Singapore 068804
GIFT City IFSC - 382355, Gujarat,
India
The London Stock Exchange
10, Patemoster Square,
London, EC4M 7LS
[
Dear Sirs,
Sub.: Updates on tender offer - Medium Term Note Programme
Further to our intimation dated January 31, 2019 in respect of
the captioned matter, please find attached herewith an update on
the tender offer.
Kindly take note of the above.
The announcements made by the Bank can also be accessed at its
website www.yesbank.in.
Thanking you,
Yours faithfully,
For YES BANK LIMITED
Shivanand R. Shettigar
Company Secretary
This announcement is not for distribution in or into the U.S.
and does not constitute an offer to buy or subscribe for securities
to any person in the U.S. or any other jurisdiction in which such
offer would be unlawful.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR
INDIRECTLY TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES
OF AMERICA (THE "UNITED STATES"), ITS TERRITORIES AND POSSESSIONS
(INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN
SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF
THE UNITED STATES AND THE DISTRICT OF COLUMBIA, INDIA OR IN ANY
OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR
DISTRIBUTE THIS DOCUMENT.
14 February 2019
YES Bank Limited
acting through its International Financial Services Centre
Banking Unit
(Public company incorporated under the Companies Act, 1956
and a scheduled commercial bank within the meaning of the
Reserve Bank of India Act, 1934)
(the "Company")
ANNOUNCEMENT OF EXTENSION OF THE EXPIRATION DEALINE
AND PERMISSION TO REVOKE TENDER INSTRUCTIONS
IN RESPECT OF THE CASH TENDER OFFER
OF THE COMPANY'S
U.S.$600,000,000 3.75% SENIOR NOTES DUE 2023
(ISIN: XS1756056229; COMMON CODE: 175605622)
(the "Notes")
On 31 January 2019, the Company announced its invitation to
eligible holders of its outstanding Notes (the "Noteholders") to
tender up to U.S.$150,000,000 in aggregate principal amount of
their Notes for purchase by the Company for cash (the "Offer").
The Offer was made on the terms and subject to the conditions
contained in the Tender Offer Memorandum dated 31 January 2019 (the
"Tender Offer Memorandum"). The original Expiration Deadline was 4
p.m. (London time) on 14 February 2019.
In light of the Company's announcement made on its website
www.yesbank.in on 13 February 2019 regarding The Reserve Bank of
India's Risk Assessment Report for the fiscal year ended 31 March
2018, the Company has determined that it will extend the Expiration
Deadline to 4 p.m. (London time) on 18 February 2019 (the "Revised
Expiration Deadline"). The Company will also permit Noteholders
that have submitted Tender Instructions before this announcement to
revoke their Tender Instructions at any time from the date and time
of this announcement until the Revised Expiration Deadline (subject
to the earlier deadlines required by the Clearing Systems and any
intermediary through which Noteholders hold their Notes). Tender
Instructions may be revoked by a Noteholder, or the relevant Direct
Participant on its behalf, by submitting a valid electronic
withdrawal instruction to the relevant Clearing System. To be
valid, such instruction must specify the Notes to which the
original Tender Instruction related, the securities account to
which such Notes are credited and any other information required by
the relevant Clearing System.
Announcement of the final aggregate principal amount of Notes
accepted for purchase by the Company is expected to be made on 19
February 2019. The Settlement Date is expected to be 20 February
2019.
Capitalised or other terms used but not defined herein shall,
unless the context otherwise requires, have the meanings set out in
the Tender Offer Memorandum.
Noteholders are advised to carefully read the Tender Offer
Memorandum for full details of the Offer.
Copies of the Tender Offer Memorandum, announcements, press
releases and notices in connection with the Offer can be obtained
upon request from the Tender and Information Agent and will be
available via the Offer Website: www.lucid-is.com/yesbank. The
Hongkong and Shanghai Banking Corporation Limited, Standard
Chartered Bank and YES Bank Limited International Financial
Services Banking Unit, are acting as Dealer Managers for the Offer
and Lucid Issuer Services Limited is acting as the Tender and
Information Agent.
Noteholders who have questions regarding the Offer may contact
the Tender and Information Agent or the Dealer Managers.
DEALER MANAGERS
The Hongkong and Shanghai Banking Standard Chartered Bank
Corporation Limited
Level 17, HSBC Main Building Marina Bay Financial Centre, Tower
1
1 Queen's Road Central 8 Marina Boulevard, Level 20
Hong Kong Singapore 018981
Telephone: +852 2822 4100 (Hong Telephone: +852 3983 8642 (Hong
Kong) Kong)
+44 20 7992 6237 (London) +65 6596 8807 (Singapore)
Email: liability.management@hsbcib.com Email: liability_management@sc.com
YES Bank Limited,
International Financial Services Centre Banking Unit
901, Block 13 B, Hiranandani Signature Building
GIFT SEZ, GIFT City, Gandhinagar - 382355, India
Telephone: + 91-9727796080, +91-9909010672 (India)
Email: deepak.kundoor@yesbank.in, chiranjeev.pappu@yesbank.in
Requests for documents or for information in relation to the
Offer should be directed to the Tender and Information Agent.
TENDER AND INFORMATION AGENT
Lucid Issuer Services Limited
Tankerton Works
12 Argyle Walk London WC1H 8HA
United Kingdom
Attention: Alexander Yangaev
Telephone: +44 (0) 20 7704 0880
Email: yesbank@lucid-is.com
Offer Website: www.lucid-is.com/yesbank
Disclaimer: This announcement must be read in conjunction with
the Tender Offer Memorandum. This announcement and the Tender Offer
Memorandum contain important information which should be read
carefully.
The distribution of this announcement and the Tender Offer
Memorandum in certain jurisdictions may be restricted by law.
Persons into whose possession this announcement or the Tender Offer
Memorandum comes are required by each of the Company, the Dealer
Managers and the Tender and Information Agent to inform themselves
about and to observe, any such restrictions.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
TENGGURCPUPBGPC
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February 14, 2019 07:56 ET (12:56 GMT)
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