Obligation EBRD 3.22% ( XS2168862758 ) en RON

Société émettrice EBRD
Prix sur le marché 100 %  ⇌ 
Pays  Royaume-Uni
Code ISIN  XS2168862758 ( en RON )
Coupon 3.22% par an ( paiement annuel )
Echéance 07/05/2021 - Obligation échue



Prospectus brochure de l'obligation EBRD XS2168862758 en RON 3.22%, échue


Montant Minimal 500 000 RON
Montant de l'émission 103 000 000 RON
Description détaillée L'Obligation émise par EBRD ( Royaume-Uni ) , en RON, avec le code ISIN XS2168862758, paye un coupon de 3.22% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 07/05/2021







OFFICIAL USE














1



2



3



4



5



6



7









OFFICIAL USE

8



9



10



11



12 (a)




(b)



13 (a)




(b)




14







15







16 (a)





(b)




(c)




(d)




(e)




(f)







OFFICIAL USE

(g)





(h)




17





18







19



20



21




22 (a)





(b)



23 (c)




(d)



24



25




26







OFFICIAL USE
27
Société Générale
Tours Société Générale
17 Cours Valmy
92987 Paris La Défense Cedex



28



29



30



31



32




33













34



35



36








OFFICIAL USE
37
RESPONSIBILITY


OFFICIAL USE
PART B - OTHER INFORMATION
1






2







3





4



























OFFICIAL USE
5










6



7










OFFICIAL USE

Settlement Disruption Event and Fal back Provisions
Al payments in respect of the Notes wil be made in RON, subject to the occurrence of a Set lement Disruption
Event (as defined below) and wil in al cases be subject to any fiscal or other laws applicable thereto.
If the Calculation Agent (as defined below) determines (in its sole discretion acting in good faith and in a
commercial y reasonable manner) that a Settlement Disruption Event has occurred or is subsisting during a
Determination Period (as defined below):
A.
The Calculation Agent shal notify the Issuer and the Agent of its determination as soon as practicable
after making such determination (but in no event later than 8.00 a.m. London time one Business Day
after the last day of the Determination Period) whereupon the Agent shal as soon as practicable
thereafter (but in no event later than one Business Day after receipt of the aforementioned notice
from the Calculation Agent) notify the Noteholders thereof (in accordance with Condition 13 of the
Notes), and
B.
Noteholders wil not be entitled to any amounts in respect of the Notes until the earlier to occur of (i)
the day fal ing two Business Days after the day on which the Issuer is notified by the Calculation
Agent that a Settlement Disruption Event no longer subsists and (i ) the Postponed Fixed Interest
Date (as defined below), the Postponed Maturity Date (as defined below) or the Postponed Early
Redemption Date (as defined below), as the case may be.
If a Settlement Disruption Event no longer subsists, the Calculation Agent shal notify the Issuer and the Agent
thereof as soon as practicable on or after the Business Day on which the Set lement Disruption Event no
longer subsists (but in no event later than one Business Day thereafter) whereupon the Agent shal as soon
as practicable thereafter (but in no event later than one Business Day after receipt of the aforementioned
notice from the Calculation Agent) notify the Noteholders thereof (in accordance with Condition 13 of the
Notes).
If any amount is to be paid on a Postponed Fixed Interest Date, Postponed Maturity Date or Postponed Early
Redemption Date (as the case may be), regardless of whether a Settlement Disruption Event is stil subsisting
Calculation Agent (and promptly notified to the Agent and the Issuer (but in no event later than two Business
Days before the Postponed Fixed Interest Date, Postponed Maturity Date or Postponed Early Redemption
Date (as the case may be)) in an amount per Specified Denomination which shal be produced by the fol owing
provisions, such amount to be rounded to the nearest whole cent (with 0.5 cent being rounded upwards):
Relevant RON Amount ÷ Exchange Rate
For the avoidance of doubt, no additional amounts shal be payable by the Issuer in respect of any delay in
payment beyond the original y scheduled Fixed Interest Date, Maturity Date, or as the case may be, Early
Redemption Date (in each case, as adjusted, if appropriate, in accordance with the Fol owing Business Day
Convention) to the Postponed Fixed Interest Date, Postponed Maturity Date or Postponed Early Redemption
Date (as appropriate) because of the operation of the provisions of this Annex.
If the Calculation Agent determines (in its sole discretion acting in good faith and in a commercialy reasonable
manner) that a Settlement Disruption Event has occurred fol owing a Determination Period and either prior to
or on the Fixed Interest Date, Maturity Date or Early Redemption Date (as the case may be), then any amount
payable shal be made in USD in accordance with the provisions set out above.
For the purposes of these provisions:
and are open for general business (including dealings in foreign exchange and foreign currency deposits) in
Bucharest, London and New York City;
Société Générale SA Paris. in accordance with the provisions of the Calculation
Agency Agreement entered into between the Issuer and the Calculation Agent dated
(as
amended and/or supplemented from time to time). Al references to the Calculation Agent shal include any
successor or successors to Société Générale SA Paris as the Calculation Agent in respect of the Notes. The
determination by the Calculation Agent of any amount or of any state of affairs, circumstance, event or other
mat er, or the formation of any opinion or the exercise of any discretion required or permit ed to be determined,
formed or exercised by the Calculation Agent under the Notes and pursuant to the Calculation Agency




OFFICIAL USE
Agreement shal (in the absence of manifest error) be final and binding on al parties (including, but not limited
to, the Issuer and the Noteholders) and shal be made in its sole discretion in good faith and in a commercial y
reasonable manner in accordance with the Calculation Agency Agreement. In performing its duties under the
Notes, the Calculation Agent shal act in accordance with the Calculation Agency Agreement;
the Fixed Interest Date, the period which fal s between five and
three Business Days (inclusive) preceding the Fixed Interest Date, as adjusted in accordance with the
Fol owing Business Day Convention; (i ) in relation to the Maturity Date, the period which fal s between five
and three Business Days (inclusive) preceding the Maturity Date, as adjusted in accordance with the Fol owing
Business Day Convention; and (i i) in relation to any Early Redemption Date, the period which fal s between
five and three Business Days (inclusive) preceding any Early Redemption Date, as adjusted in accordance
with the Fol owing Business Day Convention, as the case may be;
Agent is able to obtain from five Reference Dealers at or about 11.00 a.m. London time for the sale of RON
and the purchase of USD, on the day fal ing two Business Days prior to the Postponed Fixed Interest Date,
Postponed Early Redemption Date (if any) or the Postponed Maturity Date (as the case may be). The highest
and lowest of such quotes wil be disregarded and the arithmetic mean of the remaining quotations shal be
the Exchange Rate, provided, however, that if fewer than four (but at least two) Reference Dealers provide
such a firm quote then the average of the quotes actual y obtained shal apply. If only one Reference Dealer
provides a firm quote then such quote shal apply, and if no Reference Dealer provides such a firm quote,
then the Calculation Agent, acting in good faith and in a commercial y reasonable manner, shal establish the
Exchange Rate in its sole discretion, which may result in a USD equivalent amount calculated as above to be
zero;
any);
ixed
Interest Date;

leading dealers, banks or banking corporations, which deal in the USD/RON
exchange market, selected by the Calculation Agent in its sole discretion, acting in good faith and in a
commercial y reasonable manner;
on the relevant date if the Settlement Disruption Event had not occurred; and
in its sole discretion acting in good faith and in a commercial y reasonable manner:
(a)
the imposition of laws or regulations by the National Bank of Romania or other legislative,
governmental or regulatory authority of Romania which (i) require non-residents of Romania to obtain
permission from the National Bank of Romania or other authority to obtain RON, or (i ) otherwise restrict a
non-
costs are imposed in obtaining RON which would not be imposed in the absence of such regulations, or (iv)
has the direct or indirect ef ect of hindering, limiting or restricting the transfer of RON from Romania to
recipients resident in another country; and/or
(b)
Euroclear and/or Clearstream, Luxembourg suspend or cease acceptance of RON as a set lement
currency.