General Announcement::Extension of the Maturity Date in respect of Series 2022-1 9.95% Fixed Rate Notes due 2029

Issuer & Securities

Issuer/ Manager
ECUADOR DPR FUNDING
Securities
ECUADORDPRUS$300M9.95%N290615A - US27928YAA55 - NZHB
ECUADORDPRUS$300M9.95%N290615R - USG2922EAA13 - 8V1B
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
17-Jul-2024 05:45:21
Status
New
Announcement Sub Title
Extension of the Maturity Date in respect of Series 2022-1 9.95% Fixed Rate Notes due 2029
Announcement Reference
SG240717OTHRKOY4
Submitted By (Co./ Ind. Name)
Maria De Bedout
Designation
Legal counsel
Effective Date and Time of the event
16/07/2024 17:00:00
Description (Please provide a detailed description of the event in the box below)
Ecuador DPR Funding (Issuer) and Banco Pichincha C.A. (Bank) have successfully concluded a solicitation of consents to certain proposed amendments to the Series 2022-1 Indenture Supplement dated as of July 13, 2022 including: (a) the extension of the Series 2022-1 Expected Final Payment Date to June 2030 and the Series 2022-1 Interest-Only Period to September 2025, (b) amendment of the Series 2022-1 Quarterly Amortization Amount and Schedule I of the Indenture Supplement to reflect the extension of the Series 2022-1 Expected Final Payment Date and Series 2022-1 Interest-Only Period and to reflect the Bank s voluntary prepayments of the Series 2022-1 Notes under Section 5.1 of the Origination Agreement, and (c) amendment of certain provisions to refer to the provisional liquidation and restructuring of the SPC to reflect updates in Cayman Islands law.

Attachments

Announcement of extension SGXNET.pdf
Total size =68K