| • Issuer, issue number: |
ÕÕ² CENTURY, 2014 (Restruct. LPN ex-2010) |
| • SPV: |
XXI Century Investments |
| • Income calculation: |
|
| • Type of debt instrument:
| Eurobonds |
| • Kind of bond:
| Loan Participation Notes |
| • Type of bonds: |
Coupon bonds |
| • Redemption type: |
Amortized |
| • Issue status: |
restructured |
| • Par, minimum denomination: |
100000
USD, 100 000.0 |
| • Outstanding principal amount, currency of issue: |
0
USD,
|
| • Par, integral multiple: |
USD, 1 000.0
|
| • Amount: |
175 000 000 |
| • ISIN RegS: |
XS0301329479 |
| • Common Code RegS: |
030132947 |
| • CFI RegS: |
DBFXCR |
| • Day Count Fraction: |
30/360 (30/360 ISDA) |
| • End of placement: |
May 18 2007 |
| • Coupon: |
9% |
| • Coupon frequency: |
2 time(s) per year |
| • Settlement Date: |
May 24 2007 |
| • Maturity date: |
Nov 24 2014 |
| • Issue price: |
100 |
| • Issue Managers: |
ING |
| • Listing: |
Luxembourg Stock Exchange |
| • Additional information: |
US$ denominated Guaranteed Secured Notes
The Notes are unconditionally and irrevocably guaranteed by ten of the Company's subsidiaries and are directly and indirectly secured on the ownership interests of these subsidiaries |
| • Files: |
XXICentInves10 Prospectus
Troika Dialog research on XXIC
|
| • Investment banks:
| Bookrunner:
ING Wholesale Banking London
Debt restructuring agent:
Renaissance Capital
|
|
Debt Servicing |
| • Status: | Default |
| • Liability type: | Ñoupon |
| • Planned date of meeting liabilities: | Nov 24 2010 |
| • Date of meeting liabilities due to technical default: | Dec 01 2010 |
| • Actual date of meeting liabilities: | |
| • Additional information: | XXI Century annouunced a default on its Eurobonds after failing to reach a quorum of noteholders. The issuer said it had no means to pay accrued interest on the notes on November 24, 2010. |
|
| • Status: | Default |
| • Liability type: | Redemption |
| • Planned date of meeting liabilities: | Nov 24 2010 |
| • Date of meeting liabilities due to technical default: | Dec 24 2010 |
| • Actual date of meeting liabilities: | |
| • Additional information: | Amortization |
|
|
Debt restructuring |
| • Date of restructuring: | Jan 25 2011 |
| • Debt restructuring agent: | Renaissance Capital |
| • Additional information: | Bondholders exercised a put option on April 28. The issuer offered 2 debt restructuring schemes.
July 3 XXI Century, announced the results of the restructuring of its 10% $175m 2010 notes with Renassiance Capital acting as the sole advisor. The deal involves an extension of the maturity date from May 2009 until 2014, a reduction of the cash coupon to 9% from 10% and the payment of a consent fee to note holders in shares. |
|
