The Issue has a redemption profile whereby the entire value of the Issue will be redeemed within 5 years from the date following the date of the close of the public subscription. Below is the redemption scheduled:
| Redemption Date |
Percentage redeemed
of Face Value of the bond
|
Value of redemption
per bond in EGP
|
Outstanding amount
per bond in EGP
|
1 December 2007 |
20% |
20 |
80 |
1 June 2008 |
20% |
20 |
60 |
1 December 2008 |
20% |
20 |
40 |
1 June 2009 |
20% |
20 |
20 |
1 December 2009 |
20% |
20 |
0 |
|
|
100% |
100 |
|
If any date occurs on a day that is not on a business date, the coupon period will extend to the next business day.
The above mentioned scheduled redemption profile does not preclude the Issuer from partially or fully prepaying / calling the Issue starting from the beginning of the third year of the Issue as detailed in article 19 of the “Terms and Conditions” of the Issue of this Prospectus. |
