Ashanti Goldfields Company Limited and Ashanti Capital Limited - Redemption of US$218,571,000 5 1/2% Exchangeable Guaranteed Notes due 15 March 2003 -the "Notes"-.Business Editors CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. - 043910AA6 Ashanti Capital today announces it will redeem all of the outstanding Notes at their principal amount (being in an aggregate principal amount 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. and other Additional Amounts (as defined in 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")) on 2 August 2002 (the "Redemption Date Redemption date The date on which a bond matures or is redeemed. redemption date The date on which a debt security is scheduled to be redeemed by the issuer. The redemption date is the scheduled maturity date or, if applicable, a call date. "), pursuant to Article 12 of the Indenture. Interest will cease to accrue from the Redemption Date. Any Notes held must be surrendered for payment of the Redemption Price (as defined in the Indenture) at the offices of the Trustee, The Bank of New York, at 48th Floor, One Canada Square One Canada Square, a skyscraper in London; it is the tallest habitable building in the United Kingdom, at 235 m (771 ft) and 50 storeys (reduced from original plans for 60). Designed by the Argentinian-American architect César Pelli, construction was completed in 1991. , London E14 5AL, United Kingdom. Formal notices are being issued to the registered holders of the Notes as at the date of this announcement and otherwise in accordance with the Indenture. |
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