Pine Investments GmbH (Buyer)
Voluntary public tender offer
Bonds of Republic of Venezuela and PDVSA Petroleos de Venezula SA
| Emittent | ISIN | Price |
| Venezuela | US922646AT10 | 4% |
| Venezuela | USP97475AD26 | 4% |
| Venezuela | USP97475AN08 | 4% |
| Venezuela | USP97475AG56 | 4% |
| Venezuela | USP17625AC16 | 4% |
| Venezuela | USP17625AA59 | 4% |
| Venezuela | USP97475AP55 | 4% |
| Venezuela | XS0217249126 | 4% |
| Venezuela | USP17625AE71 | 4% |
| Venezuela | US922646AS37 | 4% |
| Venezuela | USP17625AB33 | 4% |
| Venezuela | USP17625AD98 | 4% |
| Venezuela | US922646BL74 | 4% |
| Venezuela | USP97475AJ95 | 4% |
| PDVSA | USP7807HAP03 | 2.5% |
| PDVSA | USP7807HAM71 | 2.5% |
| PDVSA | XS1126891685 | 2.5% |
| PDVSA | USP7807HAT25 | 2.5% |
| PDVSA | USP7807HAR68 | 2.5% |
| PDVSA | XS0294364954 | 2.5% |
| PDVSA | USP7807HAQ85 | 2.5% |
| PDVSA | XS0294367205 | 2.5% |
- Offer
Pine Investments GmbH is a securities institution with permission for proprietary trading and is registered at the BaFin. Pine Investments GmbH offers to purchase the above-mentioned securities at a price of 4% (Venezuela) and 2.5% (PDVSA) of the nominal value. The offer (Pro-rata offer) is limited to a total nominal value of 5.000.000,00 EUR. (Prices are Net, per 100% of the nominal value; bonds must have all coupons still attached; accrued interest will not be paid — i.e. FLAT of accrued interest)
The acceptance period runs until 31. 05.2022. The declarations of acceptance need to be sent to the buyer until 6:00 p.m. on 31.05.2022 either by FAX, email or post.
2. Acceptance of the offer
Security holders who wish to accept the offer should inform their custodian bank accordingly. This can be done informally or by means of the declaration of acceptance.
The respective custodian bank submits the offer acceptances to the buyer before the end of the acceptance period.
We note specifically that this offer is not directed towards holders in countries where there are restrictions which would prevent participation in this offer.
Due to active restrictions on transactions in the above listed bonds via the US Treasury Department, each transaction will be individually reviewed for adherence to OFAC General License 3H, 9G and 5G. (Reference:
https://home.treasury.gov/system/files/126/venezuela_gl3h.pdf
https://home.treasury.gov/system/files/126/venezuela_gl9g.pdf
https://home.treasury.gov/system/files/126/venezuela_gl5g.pdf
3.Processing and purchase price payment
The purchase price will be transferred to the custodian institution within 3 working days, after expiry of the acceptance period, to the specified account. The transfer of the security takes place, after receipt of the purchase price, by means of a securities account transfer free of payment.
Account data of the buyer:
Pine Investments GmbH
Depot number: 72217104 (Merkur Privatbank) – CBF 7268 – CBL 67268 – Sort Code: 701 308 00
Contact details of the buyer:
Pine Investments GmbH, Große Gallusstraße 18, 60312 Frankfurt am Main
Tel.: +49 69 153 221 91 Fax: +49 69 299 570 74 Email: info@pine-investments.com