Completion Of Its Notes Tender Offer.LONDON--(BUSINESS WIRE)--July 22, 1998--INVESCO (NY) Asset Management, Inc. (formerly LGT LGT Light LGT Lateral Gene Transfer LGT Lifeguard Training LGT Locomotiv GT (Hungarian rock band) LGT Lattice Gauge Theory (physics) LGT Liechtenstein Global Trust (bank) Asset Management, Inc., the "Company"), a subsidiary of AMVESCAP PLC, announced the completion of its fixed spread tender offer for the purchase of any and all of its 6.875% Senior Notes due December 15, 2006 (the "2006 Notes") and its 6.50% Senior Notes due December 15, 2001 (the "2001 Notes"). The tender offer expired ex·pire v. ex·pired, ex·pir·ing, ex·pires v.intr. 1. To come to an end; terminate: My membership in the club has expired. 2. at 5:00 p.m., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of time, on Tuesday, July 21, 1998. Pursuant to the tender offer, the Company purchased $140 million principal amount of the 2006 Notes and $90.25 million principal amount of the 2001 Notes. Following the tender offer, $10 million principal amount of the 2006 Notes and $9.75 million principal amount of the 2001 Notes remain outstanding. The notes were purchased for cash at a price per $1,000 principal amount of each note purchased, calculated by reference to the yield to maturity of referenced U.S. treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. notes at the time of tender of such note plus a fixed spread of 0.10%. In addition, for each note purchased, the Company paid the accrued ac·crue v. ac·crued, ac·cru·ing, ac·crues v.intr. 1. To come to one as a gain, addition, or increment: interest accruing in my savings account. 2. and unpaid interest from (and including) the last regular payment of semi-annual interest up to (but excluding) the settlement date for the purchase of such note. AMVESCAP PLC is one of the world's largest investment managers, operating under the AIM and INVESCO brand names. AMVESCAP is a holding company offering a broad array of investment products and services to institutions and individuals across all distribution channels. AMVESCAP PLC is listed on the London and New York Stock Exchanges New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. with the Symbol "AVZ".
CONTACT: Robert McCullough, (404) 724-4251
Michael Perman, (44) 0171 454 3942
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