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Tui 5.5%  17/11/2014 ?

Mededeling TUI

"Hanover, 29 October 2009. TUI AG (“TUI”) has extended to its shareholders a subscription offer for convertible bonds ("Bonds") in an aggregate issue size of around EUR 250 million, with up to approximately 39.1 million ordinary shares of TUI underlying the Bonds. The subscription period ends on 11 November 2009 (including).

Subject to the exercise by shareholders of their subscription rights (“claw-back”), all Bonds, for which subscription rights had not been exercised prior to such offer, were offered today, by ABN AMRO Bank N.V. (London Branch), Citigroup Global Markets Limited, Deutsche Bank Aktiengesellschaft, Goldman Sachs International and UniCredit Group (Bayerische Hypo- und Vereinsbank AG), acting as Joint Bookrunners for this transaction, for purchase to selected qualified investors outside of the United States of America in the course of a bookbuilding.

Following completion of the bookbuilding, the Management Board, with the consent of the Supervisory Board, determined the final and binding conditions of the Bonds on the basis of the results of the bookbuilding.

The issue size is EUR 217,789,399.90, with initially 38,683,730 ordinary shares of TUI underlying the Bonds.

The coupon has been set at 5.50 % per annum, payable semi-annually in arrears.
The maturity of the Bonds is 5 years. The Bonds will be issued at 100% of their principal amount on 17 November 2009 (settlement). Based on the authorisation of the Annual General Meeting held on 13 May 2009, the conversion price has been set at EUR 5.630 representing a premium of 20 % to the reference price of EUR 4.692. Each Bond with a principal amount of EUR 56.30 (which is ten times the conversion price) may be converted initially into 10 no par-value ordinary registered shares of TUI AG. According to the terms and conditions of the Bonds, the Bonds may be converted during the period from 4 January 2010 up to and including the 10th business day prior to their maturity date.

TUI intends to include the Bonds to trading on the Open Market (Freiverkehr) segment of the Frankfurt Stock Exchange.

The Management Board

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Aandeelhouders van TUI (H- 2) tot 11 november per 65 aandelen kunnen intekenen op een vijfjarige converteerbare obligatie. Teken omwille van de zwakke kredietrating (B) niet in.