General Announcement::Completion of the Tap Issuance of US$250,000,000 5.65 per cent. Subordinated Perpetual Securities

Issuer & Securities

Issuer/ Manager
NETWORK I2I LIMITED
Securities
NETWORKI2IUS$250M5.65%PERPSEC T - USV6703DAB02 - 9J8B
NETWORKI2IUS$750M5.65%PERPSECA - US64132NAA46 - YMOB
NETWORKI2IUS$750M5.65%PERPSECR - USV6703DAA29 - ZNYB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
18-Feb-2020 23:23:48
Status
New
Announcement Sub Title
Completion of the Tap Issuance of US$250,000,000 5.65 per cent. Subordinated Perpetual Securities
Announcement Reference
SG200218OTHR5LUV
Submitted By (Co./ Ind. Name)
Company
Designation
Authorised Signatory
Effective Date and Time of the event
18/02/2020 00:00:00
Description (Please provide a detailed description of the event in the box below)
Reference is made to the announcements of Network i2i Limited (the Company or the Issuer) dated 12 February 2020 and 13 February 2020 (the Announcements) in relation to the proposed issuance and successful pricing, respectively, of the Additional Securities to be consolidated and form a single series with the US$750,000,000 5.65 per cent. Subordinated Perpetual Securities guaranteed by Bharti Airtel Limited issued on 15 October 2019 (collectively, the Securities). Unless the context requires otherwise, capitalised terms used herein have the same meaning as those defined in the Announcements.

The Company is pleased to announce that:
(i) the Guaranteed Amount (as defined in the terms and conditions of the Securities (the Conditions)) in respect of the Securities has been increased from US$750,000,000 to US$1,500,000,000 (being 150 per cent. of the aggregate principal amount of the Securities outstanding);

(ii) the Company and the Guarantor have executed a deed poll pursuant to which the Company unconditionally and irrevocably undertakes not to, and the Guarantor unconditionally and irrevocable undertakes to procure that the Company shall not, exercise any of the Company rights under Condition 6(b) (Issuer Call Option) of the Conditions to redeem the Securities at any time prior to the date falling five years from the issue date of the Additional Securities; and

(iii) all conditions precedent to the issuance of the Additional Securities have been satisfied and that the issue of the Additional Securities has been successfully completed.

Attachments

Network i2i Limited_SGX Completion Announcement_18.02.2020.pdf
Total size =416K