Government Announces Pricing of Notes Offering
Posted Fri, Nov 20th 2009, 18:14(Grand Cayman - CITN) -
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The Cayman Islands Government announced Friday, 20 November 2009, that it has priced US$312 million principal amount of 5.95% notes due 2019 (the “Notes”) in an international offering.
The offering was launched on 18 November 2009 and priced on 19 November 2009. The Notes have a maturity of 10 years (2019) and a coupon of 5.95% per year. The net proceeds from the offering will be used to repay outstanding bridge financing facilities and to fund capital expenditures.
The Notes have not been registered under the U.S. Securities Act, as amended, (the “U.S. Securities Act”) and unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and other applicable securities laws.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
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