Aug 2018 Financial News

Trinidad Cement Limited - Notice of Deposit Agreement

Aug 03, 2018

The Trinidad and Tobago Stock Exchange Limited (TTSE) received notice from TCL advising that on July 24th 2018, it entered into a deposit agreement (the Deposit Agreement) with Lomez International, B.V. (Lomez), an indirect subsidiary of CEMEX, S.A.B. de C.V. (CEMEX) acting as an in-house bank for CEMEX and its affiliates, by which TCL, acting as depositor, may place with Lomez a sum of up to sixty million United States dollars (US$60,000,000.00) in one or several installments.

TCL may withdraw the principal, in whole or in part, on any business day and withdraw any accrued interest on the first business day of any calendar month, subject to the terms and conditions of the Deposit Agreement. TCL must withdraw the full amount of the principal, including accrued interest, if any, not later than July 23rd, 2021.

 

Source:
The Trinidad and Tobago Stock Exchange Limited
Friday August 03, 2018