News

BSTDB establishes a EUR 1 billion Medium Term Note Programme


Date: 28-May-2015

Today the Black Sea Trade and Development Bank (BSTDB) is pleased to announce that it has established a EUR 1 billion Euro Medium Term Note Programme. The Arranger under the programme is J.P. Morgan and the Dealers are Crédit Agricole CIB, Credit Suisse, HSBC and J.P. Morgan.

 

Any issuances under the programme will contribute to the execution of BSTDB 2015-2018 Medium-Term Strategy and help increase BSTDB’s development financing in the Black Sea region.

 

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This announcement is not being made in and copies of it may not be distributed or sent into the United States, Canada, Australia or Japan.

 

The Notes which may be issued under the Programme referred to herein may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.  Black Sea Trade and Development Bank does not intend to register any such Notes in the United States or to conduct a public offering of any Notes in the United States.

 

This communication does not constitute an offer of any Notes to the public in the United Kingdom.  No prospectus has been or will be approved in the United Kingdom in respect of the Programme or any Notes.  This communication is being distributed to and is directed only at (i) persons who are outside the United Kingdom or (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “Relevant Persons”).  Any investment activity to which this communication relates will only be available to and will only be engaged with, Relevant Persons.  Any person who is not a Relevant Person should not act or rely on this document or any of its contents.