05 February 2001
NFORM THE RESULT OF TENDER OFFER TO BUY BACK ITS ECD
CPN INFORMS THE RESULT OF TENDER OFFER TO
BUY BACK ALL ITS OUTSTANDING EURO CONVERTIBLE DEBENTURES
February 2, 2001
To : The President,
The Stock Exchange of Thailand
Subject : Announcement the result of tender offer to buy back all its outstanding Euro
Convertible Debentures.
According to the recent announcement that Central Pattana Public Company Limited had
launched its Tender Offer to buy all outstanding Euro Convertible Debentures (ECD), amounting
USD 29.15 million, to investors in the Luxembourg Stock Exchange during January 2nd- 15th , 2001.
The company had extended the offer period until January 26th, 2001. The offer price was at
USD 1,290 per bond or 129 % of principal amount plus 2.75% per annum interest accrued up to the
settlement date.
As of to date, the bondholders had redeemed ECD totalling approximately USD 1.34 million
or Baht 75 million so the remaining ECD have total amounts of USD 27.81 million. To redeem ECD, the
company had used its internal cash . There is no gain or loss from this transaction as the offer
price approximated the bond value plus its redemption premium up to the offer date.
Please be informed accordingly.
Your Faithfully,
(Naris Cheyklin)
Secretary to the Board of Director