| Past & Current Engagements Arranger of an ANG 30 million bond issue for United Telecommunication Services De Sola & Kluyver - Financial Solutions was contracted by the Board of directors of United Telecommunication Services N.V. (UTS) to arrange a bond issue of ANG 30 million. The objective of the bond issue is for the refinancing (roll-over) of an expiring bond (ANG 24 million) and refinancing of other (more expensive) bank debt. The UTS bond is the only bond outstanding from a company and placed with institutional and private investors in the Netherlands Antilles. UTS is the market leader in telecommunication services for the Netherlands Antilles. Its services include local, inter-island and international telecommunication and also cellular telephony. Further it has subsidiaries in the fields of internet service providing, television broadcasting and cable television. De Sola & Kluyver – Financial Solutions delivered the following services: the market test with institutional investors to have an idea of the market interest in the bond and its terms; set-up and preparing of the offering prospectus, including coordination with UTS, the law firm, auditors and the banks; discuss the necessary dispensation to issue the bond with the Central Bank; negotiate with the banks (issue managers) on the conditions and ways to underwrite the issue of the bonds to their clients; set-up of the time-frame and information disbursement for the issuance of the bond; deciding on the terms for the bonds, including tenor, interest rate and other conditions. The result: The bond was fully placed with institutional and private investors at February 21st 2003. Back to Past & Current Engagements
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