Egidaco Investments plc, the parent company of TCS Bank, announces a limited Eurobond buy-back programme
Egidaco Investments plc ("Tinkoff"), the parent company of "Tinkoff Credit Systems" Bank (TCS Bank), announced today that it has launched a program to purchase a limited amount of its own Eurobonds.
This offer is available for a limited period and is made on the following conditions:
1) the target price is 102% of the nominal value of the Bonds (after amortisation);
2) potential sellers should communicate their intention from 21 April 2010 to 30 April 2010 by e-mail to the contacts below;
3) offers of sale will be satisfied on a ‘best effort’ basis, i.e. the Company will take the best offers from those that come in
4) the total maximum consideration for the Eurobonds purchase by Tinkoff under this program will be up to EUR 10 mln.