General Announcement::U.S.D150,000,000 5.75 per cent. Convertible Bonds due 2017

Issuer & Securities

Issuer/ Manager
JAIPRAKASH ASSOCIATES LIMITED
Securities
JAIPRAKASHUS$150M5.75%CB170908 - XS0823518765 - 2HJB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
16-Nov-2017 20:35:25
Status
New
Announcement Sub Title
U.S.D150,000,000 5.75 per cent. Convertible Bonds due 2017
Announcement Reference
SG171116OTHRI2A6
Submitted By (Co./ Ind. Name)
M.M. sibbal
Designation
Joint President & Company Secretary
Effective Date and Time of the event
16/11/2017 17:00:00
Description (Please provide a detailed description of the event in the box below)
Jaiprakash Associates Limited (the Company )
U.S.$150,000,000 5.75 per cent. Convertible Bonds due 2017 of the Company issued on 7 September 2012 (ISIN: XS0823518765) (the Existing Bonds )

We refer to our announcement dated 15 June 2017 which related to the outcome of a meeting of the holders of the Existing Bonds (the Bondholders ) on 15 June 2017 (the Meeting ) convened pursuant to a notice of meeting dated 24 May 2017 (the Notice ), at which an extraordinary resolution (the Extraordinary Resolution ) was approved by the Bondholders, inter alia, to:

(i) exchange the outstanding Existing Bonds, along with certain accrued but unpaid interest on the outstanding principal amount thereof up to (but not including) 31 March 2017, with the U.S.$38,640,000 5.75 per cent. Convertible Bonds Due 2021 of the Company (the Series A Bonds ) and the U.S.$81,696,000 4.76 per cent. Amortising Bonds Due 2020 of the Company (the Series B Bonds , and together with the Series A Bonds, the Exchange Bonds ), which exchange will be effected pro rata through the Extraordinary Resolution (such exchange as described in the Notice, the Proposed Exchange Offer ); and

Attachments

SGX_Announcement_FCCB_16_11_2017.pdf
Total size =994K