The bank said, FGB will be paying 70 bps/annum above USD LIBOR and has a
bullet repayment at the end of the 3 year phase.
For example, large annual amortisation payments will restrict cash available for reinvestment into growth or acquisitions, so a
bullet repayment structure is more likely to be appropriate.
Term and Redemption method 3 years
Bullet repayment i Maturity date October 18, 2013 ii Retirement by purchase Unless otherwise stipulated by the book-entry transfer institution, the Company may repurchase the bond on or after the day after the payment date.
The deal is to follow a
bullet repayment structure and would carry a margin of 130 basis points (bps) over EURIBOR.
However, this requires regular payments, starting in December, 2009, culminating in a
bullet repayment of pounds 13m, in January, 2012.
The simulation incorporates the possibility of slow passenger growth in the next few years and a severe traffic shock at the time of the loan's first
bullet repayment in 2009.
The New Facility will have a
bullet repayment on June 30, 2009 and will have substantially the same terms as the existing Bank Facility.
In the proposed structure, MTN would issue an eight-year floating-rate bond in Ugandan shillings with a
bullet repayment.
The next debt amortization is not until the 2020
bullet repayment of BRL400 million.
The facility has a
bullet repayment at the end of the three-year tenor.
The carrier would choose to have a
bullet repayment for this facility or a suitable moratorium period for repayment of principal amount under this facility.
this financing will be due for
bullet repayment in September 2028.
