Common Contracts
2 similar null contracts
THE REPUBLIC OF CONGO U.S.$477,790,000New York • April 21st, 2021
Pursuant to an exchange agreement dated as of November 15, 2007 (the “Exchange Agreement”) among the Republic of Congo (the “Republic”), BNP Paribas, as Closing Agent and Reconciliation Agent, the Syndicate Agents (as defined therein) and the Purchasers (as defined therein), certain private creditors of the Republic known as the “London Club” agreed with the Republic to restructure the Eligible Debt (as defined herein) of the Republic held by them by way of an exchange of Reconciled Discounted Exchangeable Debt (as defined therein) for the Securities. These creditors tendered the entirety of their Eligible Debt and related Interest Arrears, which was reconciled, converted into U.S. dollars and multiplied by a mutually agreed discount factor. The Securities were issued to each such creditor in the amount of such creditor's Reconciled Discounted Exchangeable Debt (as defined herein).
THE REPUBLIC OF CONGO U.S.$477,790,000New York • July 31st, 2008
Pursuant to an exchange agreement dated as of November 15, 2007 (the “Exchange Agreement”) among the Republic of Congo (the “Republic”), BNP Paribas, as Closing Agent and Reconciliation Agent, the Syndicate Agents (as defined therein) and the Purchasers (as defined therein), certain private creditors of the Republic known as the “London Club” agreed with the Republic to restructure the Eligible Debt (as defined herein) of the Republic held by them by way of an exchange of Reconciled Discounted Exchangeable Debt (as defined therein) for the Securities. These creditors tendered the entirety of their Eligible Debt and related Interest Arrears, which was reconciled, converted into U.S. dollars and multiplied by a mutually agreed discount factor. The Securities were issued to each such creditor in the amount of such creditor's Reconciled Discounted Exchangeable Debt (as defined herein).
