Amendment to Final Terms

RNS Number : 7895Q

Attica Bank S.A.

21 February 2019

 

Attica Bank S.A.

NOTICE TO THE HOLDERS

Date: 21 February 2019

Attica Bank S.A.

(the Issuer)

€350,000,000 Floating Rate Notes due 2020 (ISIN: XS1821973945)
(the Notes)

under the €2,000,000,000

Euro Medium Term Note Programme

guaranteed by

The Hellenic Republic

The Issuer accepts responsibility for the information contained in this notice.

Notice is hereby given that following the agreement of all Noteholders, the Final Terms relating to the Notes originally issued 25 May 2018 (the Issue Date) (the Original Final Terms) have been amended with effect from the date hereof as set out in the Amended Final Terms relating to the Notes (the Amended Final Terms). The changes are set out in Appendix 1 to this notice and a copy of the Amended Final Terms is set out in Appendix 2.

Terms defined in the Amended Final Terms used herein shall have the same meanings, except where the context requires otherwise or unless otherwise stated.

Copies of the Information Memorandum dated 10 July 2013, the Original Final Terms and the Amended Final Terms and this Notice are available free of charge at the offices of the Fiscal and Principal Paying Agent in London below:

Elavon Financial Services DAC, UK Branch

5^th Floor

125 Old Broad Street

London EC2N 1AR

United Kingdom

For further information, please contact:

Attica Bank S.A.

23 Omirou Street

106 72 Athens

Greece

Fax: [phone]

Email: [e-mail]

Attention: Treasury Atticabank

DISCLAIMER - INTENDED ADDRESSEES

Please note that the information contained in the Information Memorandum may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Information Memorandum) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Information Memorandum is not addressed. Prior to relying on the information contained in the Information Memorandum you must ascertain from the Information Memorandum whether or not you are part of the intended addressees of the information contained therein.

Your right to access this service is conditional upon complying with the above requirement.

Appendix 1

Changes to the Original Final Terms

The following change has been made to the Original Final Terms, with effect from the date hereof:

The reference to "18 February" in section 16(a) shall be deleted and replaced with "25 February". 

All other terms and conditions of the Original Final Terms remain unchanged.

Appendix 2

Amended Final Terms

These amended Final Terms amend and restate the original Final Terms in respect of the Notes originally issued on 23 May 2018.

MIFID II product governance / Professional investors and ECPs only target market - Solely for the purposes of the manufacturer's product approval process, the target market assessment in respect of the Notes has led to the conclusion that: (i) the target market for the Notes is eligible counterparties and professional clients only, each as defined in Directive 2014/65/EU (as amended, MiFID II); and (ii) all channels for distribution of the Notes to eligible counterparties and professional clients are appropriate.  Any person subsequently offering, selling or recommending the Notes (a distributor) should take into consideration the manufacturer's target market assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market assessment in respect of the Notes (by either adopting or refining the manufacturer's target market assessment) and determining appropriate distribution channels.

FINAL TERMS

23 May 2018

ATTICA BANK S.A.

Issue of €350,000,000 Floating Rate Notes due 2020

Guaranteed by The Hellenic Republic

under the €2,000,000,000

Euro Medium Term Note Programme

PART A - CONTRACTUAL TERMS

Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Information Memorandum dated 10 July 2013 which, for the purposes of the issue of the Notes, does not constitute a base prospectus for the purposes of the Prospectus Directive (Directive 2003/71/EC, as amended).  This document constitutes the Final Terms of the Notes described herein for the purposes and must be read in conjunction with the Information Memorandum.  Full information on the Issuer and the offer of the Notes is only available on the basis of the combination of these Final Terms and the Information Memorandum.  The Information Memorandum is available for viewing during normal business hours at the registered office of the Issuer and the Paying Agents.

1.         (a)        Issuer:	Attica Bank S.A.
(b)        Guarantor:	The Hellenic Republic The Guarantor has executed a Deed of Guarantee dated 22 May 2018 in respect of the Notes, a copy of which is attached at Part C of these Final Terms. Copies of the Deed of Guarantee and the Guarantee Terms incorporated by reference therein are available for inspection at the specified office of the Agent.
2.         (a)        Series Number:	7
(b)        Tranche Number:	1
3.         Specified Currency or Currencies:	Euro (€)
4.         Aggregate Nominal Amount:
(a)        Series:	€350,000,000
(b)        Tranche:	€350,000,000
5.         Issue Price:	100 per cent. of the Aggregate Nominal Amount
6.         (a)        Specified Denominations:	€100,000
(b)        Calculation Amount:	€100,000
7.         (a)        Issue Date:	25 May 2018
(b)        Interest Commencement Date:	Issue Date
8.         Maturity Date:	Interest Payment Date falling in May 2020
9.         Interest Basis:	3 month EURIBOR +7.00 per cent. Floating Rate (further particulars specified below)
10.       Redemption/Payment Basis:	Redemption at par
11.       Change of Interest Basis or Redemption/Payment Basis:	Not Applicable
12.       Put/Call Options:	Not Applicable
13.       (a)        Status of the Notes:	Senior
(b)        Date Board approval for issuance of Notes obtained:	24 May 2011, 14 September 2017, 8 February 2018 and 28 March 2018
14.       Method of distribution:	Non-syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15.       Fixed Rate Note Provisions	Not Applicable
16.       Floating Rate Note Provisions	Applicable
(a)        Specified Period(s)/Specified Interest Payment Dates:	The Specified Interest Payment Dates shall be 25 February, 25 May, 25 August and 25 November, commencing on 25 August 2018 up to an including 25 May 2020.
(b)        Business Day Convention:	Modified Following Business Day Convention
(c)        Additional Business Centre(s):	Athens
(d)        Manner in which the Rate of Interest and Interest Amount is to be determined:	Screen Rate Determination
(e)        Party responsible for calculating the Rate of Interest and Interest Amount (if not the Agent):	Agent
(f)        Screen Rate Determination:
·          Reference Rate:	3 month EURIBOR
·          Interest Determination Date(s):	The second day on which the TARGET2 System is open prior to the start of each Interest Period
·          Relevant Screen Page:	Reuters page EURIBOR01
(g)        ISDA Determination:
·          Floating Rate Option:	Not Applicable
·          Designated Maturity:	Not Applicable
·          Reset Date:	Not Applicable
(h)        Margin(s):	+ 7.00 per cent. per annum
(i)         Minimum Rate of Interest:	0.00 per cent. per annum
(j)         Maximum Rate of Interest:	Not Applicable
(k)        Day Count Fraction:	Actual/360
(l)         Fallback provisions, rounding provisions and any other terms relating to the method of calculating interest on Floating Rate Notes, if different from those set out in the Conditions:	As set out in the Conditions
17.       Zero Coupon Note Provisions	Not Applicable
18.       Index Linked Interest Note Provisions	Not Applicable
19.       Dual Currency Interest Note Provisions	Not Applicable
PROVISIONS RELATING TO REDEMPTION
20.       Issuer Call:	Not Applicable
21.       Investor Put:	Not Applicable
22.       Final Redemption Amount:	€100,000 per Calculation Amount
23.       Early Redemption Amount payable on redemption for taxation reasons or on event of default and/or the method of calculating the same (if required or if different from that set out in Condition 5.5):	€100,000 per Calculation Amount
GENERAL PROVISIONS APPLICABLE TO THE NOTES
24.       Form of Notes:
(a)        Form:	Temporary Global Note exchangeable for a Permanent Global Note which is exchangeable for Definitive Notes only upon an Exchange Event
(b)        New Global Note:	Yes
25.       Additional Financial Centre(s) or other special provisions relating to Payment Days:	Athens
26.       Talons for future Coupons or Receipts to be attached to Definitive Notes (and dates on which such Talons mature):	No
27.       Details relating to Partly Paid Notes: amount of each payment comprising the Issue Price and date on which each payment is to be made and consequences of failure to pay, including any right of the Issuer to forfeit the Notes and interest due on late payment:	Not Applicable
28.       Details relating to Instalment Notes:
(a)        Instalment Amount(s):	Not Applicable
(b)        Instalment Date(s):	Not Applicable
29.       Redenomination applicable:	Redenomination not applicable
30.       Other final terms:	Not Applicable
DISTRIBUTION
31.       (a)        If syndicated, names of Managers:	Not Applicable
(b)        Stabilising Manager(s) (if any):	Not Applicable
32.       If non-syndicated, name of relevant Dealer:	Attica Bank S.A.
33.       U.S. Selling Restrictions:	Reg. S Compliance Category 2; TEFRA D
34.       Additional selling restrictions:	Not Applicable

PURPOSE OF FINAL TERMS

These Final Terms comprise the final terms required for issue and admission to trading on the London Stock Exchange's regulated market and listing on the Official List of the UK Listing Authority) of the Notes described herein pursuant to the €2,000,000,000 Euro Medium Term Note Programme of Attica Bank S.A. guaranteed by The Hellenic Republic.

RESPONSIBILITY

The Issuer accepts responsibility for the information contained in these Final Terms. 

Signed on behalf of Attica Bank S.A.:

By:       ........................................................

Duly authorised

PART B - OTHER INFORMATION

1.         LISTING and admission to trading
Listing and Admission to trading	Application has been made by the Issuer (or on its behalf) for the Notes to be admitted to trading on the London Stock Exchange's regulated market and listing on the Official List of the UK Listing Authority with effect from 25 May 2018.
2.         RATINGS
Ratings:	Not Applicable

3.         OPERATIONAL INFORMATION
(i)         ISIN Code:	XS1821973945
(ii)        Common Code:	182197394
(iii)       Any clearing system(s) other than Euroclear Bank S.A./N.V. and Clearstream Banking, société anonyme and the relevant identification number(s):	Not Applicable
(iv)       Delivery:	Delivery free of payment
(v)        Names and addresses of additional Paying Agent(s) (if any):	Not Applicable
(vi)     Intended to be held in a manner which would allow Eurosystem eligibility:	Yes. Note that the designation "yes" simply means that the Notes are intended upon issue to be deposited with one of the ICSDs as common safekeeper and does not necessarily mean that the Notes will be recognised as eligible collateral for Eurosystem monetary policy and intra-day credit operations by the Eurosystem either upon issue or at any or all times during their life.  Such recognition will depend upon the ECB being satisfied that Eurosystem eligibility criteria have been met

 

END

 

 

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