Press releases in September 2005 | |||
TNK-BP Established a Guaranteed Debt Issuance Programme
TNK-BP today announced that on 7th September 2005, acting through its subsidiary TNK-BP Finance S.A, it established a US$5 billion Guaranteed Debt Issuance Programme which has been approved for listing and regulated market trading purposes by the Luxembourg Stock Exchange. The Programme provides for the issuance of Notes and will be used by the company for short-, medium- and long-term international debt issuance. The dealers and arrangers under the Programme are BNP-Paribas, Citigroup, CSFB and UBS. The timing of the first drawdown under the Programme will be announced once it is determined by the company.
Robert Dudley, Chief Executive Officer of TNK-BP, commented “We view the establishment of this programme as a significant milestone that we have been working towards this year. The US$5 billion programme will become a cornerstone of TNK-BP’s borrowing strategy in the coming years. The timing and size of any debt issues within the programme will depend on several factors, including TNK-BP’s borrowing needs and market conditions, and no decisions have been made yet to drawdown.”
NOT FOR DISTRIBUTION IN THE UNITED STATES
These materials are not an offer for sale of any securities of TNK-BP Finance S.A or TNK-BP International Limited in the United States. Any securities of TNK-BP Finance S.A or TNK-BP International Limited may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Neither TNK-BP Finance S.A nor TNK-BP International Limited intends to register any portion of the offering in the United States or to conduct a public offering of any securities in the United States.
This announcement is being distributed only to, and is directed at (a) persons outside the United Kingdom, (b) persons who have professional experience in matters relating to investments who fall within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (the “Order”) or © high net worth entities, and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(1) of the Order (all such persons together being referred to as “relevant persons”). The securities are available only to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be available only to or will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this announcement or any of its contents.
Stabilisation/FSA
This press release is not a public offer or advertisement of securities in the Russian Federation, and is not an offer, or an invitation to make offers, to purchase any securities in the Russian Federation.
Forward—looking statements. Some of the information in this press release may contain projections or other forward—looking statements regarding future events or the future financial performance of TNK-BP Finance S.A or TNK-BP International Limited. We caution you that these statements are not guarantees of future performance and future performance involves risks, uncertainties, and assumptions that we cannot predict with certainty. Accordingly, our actual outcomes and results may differ materially from what we have expressed or forecasted in the forward—looking statements. We do not intend to update these statements to make them conform with actual results.