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Portigon AG: Portigon substitutes issuer of bonds (“Notes”)

·3-min read

Portigon AG / Key word(s): Miscellaneous
Portigon AG: Portigon substitutes issuer of bonds (“Notes”)

01-Sep-2022 / 15:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

 

Portigon AG announces the substitution of Portigon Finance Curaçao N.V. as the issuer of the following Notes by Portigon AG:

 

JPY 10,000,000,000  4.36% in USD Notes of 1999 due 23 March 2029
issued on 19 March 1999 (ISIN: XS0094664017 / CGN),

Euro 55,120,000  5.11% Notes of 1999 due 16 March 2039
issued on 16 March1999 (ISIN: XS0094903886 / CGN),

Euro 50,000,000  6 M Euribor + 0.31% Notes of 1999 due 25 May 2038
issued on 25 May 1999 (ISIN: XS0097491871 / CGN),

Euro 19,950,000  6 M Euribor + 0.34% Notes of 1999 due 25 November 2039
issued on 25 November 1999 (ISIN: XS0104605653 / CGN),

Euro 10,000,000  6 M Euribor + 0.30% Notes of 2000 due 19 September 2030
issued on 19 September 2000 (ISIN: XS0117509157 / CGN),

Euro 40,000,000  6 M Euribor + 0.33% Notes of 2001 due 15 January 2031
issued on 15 January 2001 (ISIN: XS0122688665 / CGN),

Euro 60,000,000  6 M Euribor + 0.33% Notes of 2001 due 24 January 2041
issued on 24 January 2001 (ISIN: XS0122688749 / CGN),

Euro 20,000,000  6.14% Notes of 2001 due 6 February 2031
issued on 6 February 2001 (ISIN: XS0124085282 / CGN),

Euro 21,200,000  6 M Euribor + 0.30% Notes of 2001 due 13 February 2031
issued on 13 February 2001 (ISIN: XS0124312280 / CGN),

 

each guaranteed by Portigon AG.

 

In accordance with the conditions of issue, Portigon Finance Curaçao B.V., Willemstad, Curaçao, is substituted by the substitute debtor Portigon AG, Düsseldorf, Federal Republic of Germany as of 1 September 2022. The reason for the substitution is the reduction of administration costs of the Portigon Group.

No further changes result from the substitution; in particular, all rights of the bondholders under the bonds remain unchanged and the guarantee of Portigon AG remains fully valid in accordance with its terms regarding the obligations of Portigon AG in respect of the Notes. Similarly, the obligations of the State of North Rhine-Westphalia, the Landschaftsverbände Rheinland and Westfalen-Lippe (Regional Associations of the Rhineland and of Westphalia-Lippe), the Rheinischer Sparkassen- and Giroverband and Westfälisch-Lippischer Sparkassen- und Giroverband (Regional Associations of the Savings Banks in the Rhineland and in Westphalia-Lippe) under the statutory guarantee (Gewährträgerhaftung) and under the constitutional liability (Anstaltslast) to the extent in effect with respect to the guarantee of Portigon AG immediately prior to the substitution, will not be affected by the substitution.

The repurchase program of Portigon AG launched on 9 February 2022 in respect of the Notes will also not be affected by the substitution and will continue.

Portigon AG

 




Contact:
Walter Ehlen
Head of BU Unternehmenssteuerung
Portigon AG
Voelklinger Str. 4
40219 Duesseldorf
walter.ehlen@portigon-ag.de
Tel. +49 (0) 211 890 995 10

01-Sep-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Portigon AG

Völklinger Str. 4

40219 Düsseldorf

Germany

Phone:

+49 (0) 211-890 995 05

Fax:

+49 (0) 211-890 995 84

E-mail:

Dr.Carsten.Hellinger@portigon-ag.de

Internet:

www.portigon-ag.de

ISIN:

DE0008364902, XS0100256139

WKN:

836490

Listed:

Regulated Unofficial Market in Dusseldorf (Primärmarkt); Luxembourg Stock Exchange

EQS News ID:

1433283


 

End of Announcement

DGAP News Service

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