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HELSINKI - Sampo plc announced Wednesday it has set a maximum consideration amount of €297.75 million for its previously announced cash tender offers for two series of its outstanding subordinated notes.
The Finnish financial company is inviting holders of its €1 billion subordinated notes due 2052 and €500 million subordinated notes due 2049 to tender their securities for cash purchase, according to a company statement.
Sampo reserves the right to accept significantly less than the maximum amount or reject all tenders. The offers are contingent on the satisfaction or waiver of what the company terms a "New Financing Condition" prior to settlement.
The tender offers were initially announced on September 15 and are being conducted under terms detailed in a tender offer memorandum prepared by the company.
BNP PARIBAS, Citigroup Global Markets Europe AG, Morgan Stanley & Co. International plc, and Nordea Bank Abp are serving as dealer managers for the offers, with Kroll Issuer Services Limited acting as tender agent.
The offers are subject to various jurisdictional restrictions, including limitations on participation by persons located or resident in the United States. The notes may not be tendered using any means of interstate or foreign commerce from within the United States.
The announcement contains information that qualified as inside information under EU Market Abuse Regulation as incorporated into UK domestic law.
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