{"id":9325,"date":"2013-04-29T12:27:29","date_gmt":"2013-04-29T10:27:29","guid":{"rendered":"https:\/\/www.gruppoigd.it\/risultati-preliminari-dellofferta-di-scambio-di-titoli-obbligazionari-convertibili-con-un-titolo-senior-di-nuova-emissione\/"},"modified":"2018-07-03T23:02:09","modified_gmt":"2018-07-03T21:02:09","slug":"risultati-preliminari-dellofferta-di-scambio-di-titoli-obbligazionari-convertibili-con-un-titolo-senior-di-nuova-emissione","status":"publish","type":"post","link":"https:\/\/www.gruppoigd.it\/en\/risultati-preliminari-dellofferta-di-scambio-di-titoli-obbligazionari-convertibili-con-un-titolo-senior-di-nuova-emissione\/","title":{"rendered":"Preliminary results of the exchange offer in respect of its convertible bonds having as exchange consideration a new senior bond"},"content":{"rendered":"<div class=\"testo\">\n<div class=\"body\">\n<p class=\" text-justify\">Immobiliare Grande Distribuzione SIIQ S.p.A. (\u201cIGD\u201d or the \u201cCompany\u201d) announces the preliminary results of the Exchange Offer, disclosed to the market on 18 April 2013 (the \u201cExchange Offer\u201d), addressed to the holders of the outstanding \u201c\u20ac 230,000,000 3.50 per cent. Convertible Bonds due 2013\u201d (ISIN: XS0301344940) issued by the Company (the \u201cConvertible Bonds\u201d) having as consideration senior unsecured fixed rate notes due May 2017 (the \u201cNew Notes\u201d). The Exchange Offer is addressed exclusively to the holders of the Convertible Bonds who are \u201cqualified investors\u201d pursuant to applicable Italian and foreign laws and regulations, excluding the United States, pursuant to Regulation S of the US Securities Act of 1933, as subsequently amended.<\/p>\n<p class=\" text-justify\">The Exchange Offer is carried out in accordance with the terms and conditions set out in the Exchange Offer Memorandum, as approved by the Board of Directors, and availablestarting from 19 April 2013 at the Dealer Managers and the Exchange Agent, to which reference is made in its entirety.<\/p>\n<p class=\" text-justify\">At the expiration of the Exchange Offer, scheduled on 26 April 2013, at 17.00 (CET), the Company has received offers for an overall principal amount of Convertible Bonds of Euro 122,900,000.<\/p>\n<p>Therefore, on the basis of the offers received and in the context of the Exchange Offer, the Issuer intends to issue an amount of New Notes at least equal to \u20ac122,900,000.<\/p>\n<p class=\" text-justify\">Moreover, as disclosed to the market on 18 April 2013, the Company reserves the right to place the residual New Notes not exchanged to investors who are \u201cqualified investors\u201d pursuant to applicable Italian and foreign laws and regulations (\u201cSurplus Notes\u201d).<\/p>\n<p>The settlement of the Exchange Offer and any Surplus Notes is expected to take place on or around 7 May 2013.<\/p>\n<p>The Exchange Offer final results will be announced today by the Company at around 17.00 (CET).<\/p>\n<p>Banca IMI and BNP Paribas act as Dealer Managers of the Exchange Offer.<\/p>\n<p>Lucid Issuer Services Limited acts as Exchange Agent.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>IGD announces the preliminary results of the Exchange Offer, disclosed to the market on 18 April 2013<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[94],"class_list":["post-9325","post","type-post","status-publish","format-standard","hentry","category-price-sensitive-en","tag-operazioni-straordinarie-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/9325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/comments?post=9325"}],"version-history":[{"count":2,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/9325\/revisions"}],"predecessor-version":[{"id":10059,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/9325\/revisions\/10059"}],"wp:attachment":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/media?parent=9325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/categories?post=9325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/tags?post=9325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}