CEC Renewables USD 200,000,000 Medium Term Note Programme Applicable Pricing Supplement
This document constitutes the Pricing Supplement relating to the issue of Notes described herein and must be read in conjunction with the Programme Memorandum dated 19 December 2023 (the “Programme Memorandum”) issued by the Issuer. Terms used herein shall bear the meanings assigned to them in the Programme Memorandum. To the extent there is any conflict or inconsistency with the contents of this Pricing Supplement and the Programme Memorandum, the provisions of this Pricing Supplement shall prevail.
PURPOSE OF PRICING SUPPLEMENT, LISTING AND ADMISSION TO TRADING APPLICATION
This Pricing Supplement comprises the final terms required for issue and listing and admission to trading of the Notes in this Tranche pursuant to the USD 200,000,000 (Two Hundred Million United States Dollars) Medium Term Note Programme of the Issuer.
GREEN BOND COMPLIANCE STATEMENT
We confirm that the proceeds of the Notes issued in relation to this Pricing Supplement will be applied and / or managed under the existing Green Bond Framework.
MATERIAL ADVERSE CHANGE STATEMENT
Except as disclosed in this Pricing Supplement, there has been no significant change in the financial or trading position of the Issuer and, no material adverse change on the financial position or prospects of the Issuer since:
- the last published 2023 Annual Report dated for the financial year ended 31 December 2023; and
- 20 August 2024, being the date of the Issuer’s last management accounts and date of projected future cashflows and profit forecasts.
DISCLOSURE STATEMENT: UNDERWRITING OF NOTES
Pursuant to the Subscription Agreement, Stanbic has been appointed as underwriter for the issuance of a second tranche of Notes under the Programme. The aggregate amount of Notes underwritten by Stanbic is USD 40 000 0000 (the “Subscription Amount”).
By participating in the issuance of these Notes, subscribers acknowledge and accept that Stanbic is acting in the capacity of underwriter and Lead Manager for the second tranche of Notes.
This disclosure is made in compliance with the LuSE Rules for Debt Securities as applicable at the date of this APS.
RESPONSIBILITY
The Issuer accepts full responsibility for the information contained in this Pricing Supplement. To the best of the knowledge and belief of the Issuer (who has taken all reasonable care to ensure such is the case) the Issuer confirms that the information contained herein is in accordance with the facts and does not omit anything which would make any statement false or misleading and all reasonable enquiries to ascertain such facts have been made.
Signed on behalf of the Issuer:
Duly authorised
Name: Mutale Mukuka
Designation: Director
Duly authorised
Name: Vincent Nyirenda
Designation: Director
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CEC Renewables – Medium Term Note Programme Applicable Pricing Supplement (2nd Tranche).pdf
