Ashanti Goldfields Company Limited -"Ashanti"- and Ashanti Capital Limited -"Ashanti Capital"- -CUSIP - 043910AA6-.Business Editors ACCRA Accra (əkrä`, ăk`rə), city (1984 pop. 867,459), capital of Ghana, a port on the Gulf of Guinea. It is Ghana's largest city and its administrative, communications, and economic center. , Ghana--(BUSINESS WIRE)--Aug. 5, 2002 Redemption of US$218,571,000 5 1/2% Exchangeable Guaranteed Notes due 15 March 2003 (the "Notes") Ashanti Capital announces that, further to the announcement on 28 June 2002 regarding the redemption of the outstanding Notes, the outstanding Notes were redeemed and cancelled on 2 August 2002 in accordance with the provisions of the indenture dated 5 March 1996 between Ashanti Capital as issuer, Ashanti (as guarantor) and The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. (as trustee) as amended by a supplemental indenture dated 10 May 2002 (the "Indenture"). The Redemption Price Redemption price See: Call price redemption price 1. The price at which an open-end investment company will buy back its shares from the owners. In most cases, the redemption price is the net asset value per share. 2. (as defined in the Indenture) was the outstanding principal amount of Notes of US$218,571,000 together with accrued interest Accrued Interest The interest that has accumulated on a bond since the last interest payment up to but not including the settlement date. There are two methods for calculating accrued interest: 1) 360-day year method, used for corporate and municipal bonds. of US$4,574,812.46 in respect of the period from the last interest payment date of 15 March 2002 up to 2 August 2002. Interest was calculated in accordance with the provisions of the Indenture. |
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