Printer Friendly

CHEMICAL INVESTMENT BANK LAUNCHES CALL WARRANTS

 NEW YORK, June 4 /PRNewswire/ -- Chemical Investment Bank Limited has launched 200 American style, one-year cash-settled Call Warrants relating to the proposed Brazilian Par-Bonds to be issued in exchange for Brazilian pre-elected DFAs in accordance with the Brazilian Brady Plan.
 ISSUER: Chemical International (Cayman Islands) II Limited
 (Second Series)
 Strike Price: 34.00 per cent.
 Warrant Price: $12,500
 Issue Date: June 17, 1993
 Expiration Date: June 17, 1994
 Settlement: Three business days after Exercise
 Form of Warrant: Global Warrant tradable through Euroclear and Cedel
 Selling Restrictions: Warrants may not be offered or sold to U.S.
 persons, or in the United States, Brazil or
 the Cayman Islands. Standard U.K. selling
 restrictions apply.
 Listing: Luxembourg
 Exercise: The warrants may be exercised at any time prior to expiration with settlement in cash being the greater of zero or the difference between the reference price minus the strike price. The reference price prior to May 20, 1994 shall be average bid prices for DFAs or the Par Bond, if it has been issued. After May 20, 1994, the reference price shall be average bid prices for DFAs or the Par Bond, if it has been issued, on the five Fridays from May 20, 1994 through June 17, 1994. Common Code details for the issue are forthcoming.
 -0- 6/4/93
 /CONTACT: Scott Allen, vice president, 44-71-932-3610, or FAX 44-71-976-1774, or Angela Martin, public relations officer, 44-71-932-4248, both of Chemical Investment Bank Limited -- The Adelphi (in London); or John Meyers, vice president - corporate communications, of Chemical Bank, 212-270-7454/
 (CHL)


CO: Chemical Investment Bank Limited ST: New York IN: FIN SU:

SH-OS -- NY017 -- 5365 06/04/93 10:22 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 4, 1993
Words:277
Previous Article:BENSON EYECARE ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE THE BONNEAU COMPANIES; FILES FOR PUBLIC OFFERING OF 3.5 MILLION SHARES
Next Article:HEALTHCARE IMAGING SERVICES, INC. ANNOUNCES EXTENSION OF WARRANT EXERCISE PRICE REDUCTION PERIOD
Topics:


Related Articles
CHEMICAL STAGES BIGGEST BLITZ IN BANKING HISTORY; 1,000-PLUS BANKERS CALL ON SMALL BUSINESSES IN FIVE STATES
CHEMICAL LAUNCHES FAMILY OF BOND AND EQUITY FUNDS
FED APPROVES CHEMICAL FOR EQUITY POWERS
Webster Repurchases Warrants Issued In Bank Branch Purchase
Warrant Exchange Offer Launched by Ottawa Financial Corporation.
Banc of America Securities Initiates Research Coverage of E-Insurance Sector With Industry White Paper.
Dahlman Rose & Co. Expands Global Research Coverage Into Agriculture and Chemicals Sector.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters