Announcement of invitation to tender Perpetual Non-Cumulative Subordinated Fixed / Floating Rate Capital Notes (ISIN DE000A0DHT43)
Kommunalkredit Capital I Ltd.
Kommunalkredit Capital I Ltd. (the "Company") hereby announces that it will
shortly be launching an invitation to all eligible holders of its perpetual
non-cumulative subordinated fixedÂ /floating rate capital notes, having the
benefit of a support agreement entered into with KA Finanz AG (formerly:
Kommunalkredit Austria AG), listed on NYSE EURONEXT in Amsterdam, The
Netherlands, and on BÃ–RSE FRANKFURT, Germany, under ISINÂ DE000A0DHT43 (the
"Securities"), to tender their Securities to the Company at a price of EURÂ 250
for each EURÂ 1,000 in principal amount (the "Offer"), subject to then prevailing
market conditions, together with a proposal to the holders of the Securities for
the insertion of an issuer call (the "Proposal").
Detailed information on the Offer and the Proposal will be provided to the
holders of Securities in due course in accordance with the terms and conditions
of the Securities.
The Offer is not being made nor will it be made directly or indirectly in or
into the United States of America or Italy and it is not being made to any
person located or resident in the United States of America or Italy. Further
restrictions apply in the United Kingdom, Belgium, France or other relevant
jurisdictions, all as further described in the Invitation Memorandum to be
prepared in connection with the Offer.
St. Helier, Jersey 22(nd) July 2010
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Source: KOMMUNALKREDIT CAPITAL I LTD via Thomson Reuters ONE