EX-25.1 24 exhibit25-1.htm EXHIBIT 25.1 Banro Corp.: Exhibit 25.1 - Filed by newsfilecorp.com

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM T-1

STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE

CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2)    |__|
___________________________

THE BANK OF NEW YORK MELLON
(Exact name of trustee as specified in its charter)

New York 13-5160382
(Jurisdiction of incorporation (I.R.S. employer
if not a U.S. national bank) identification no.)

225 Liberty Street, New York, N.Y. 10286
(Address of principal executive offices) (Zip code)

___________________________

BANRO CORPORATION
(Exact name of obligor as specified in its charter)

Canada Not Applicable
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)

1 First Canadian Place  
100 King Street West, Suite 7070  
Toronto, Ontario  
Canada M5X 1E3  
(Address of principal executive offices) (Zip code)


BANRO GROUP (BARBADOS) LIMITED
(Exact name of obligor as specified in its charter)

Barbados Not Applicable
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)

Parker House  
Wildey Business Park  
Wildey Road  
St. Michael BB14006  
Barbados W.I.  
(Address of principal executive offices) (Zip code)

NAMOYA (BARBADOS) LIMITED
(Exact name of obligor as specified in its charter)

Barbados Not Applicable
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)

Parker House  
Wildey Business Park  
Wildey Road  
St. Michael BB14006  
Barbados W.I.  
(Address of principal executive offices) (Zip code)

BANRO CONGO (BARBADOS) LIMITED
(Exact name of obligor as specified in its charter)

Barbados Not Applicable
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)

Parker House  
Wildey Business Park  
Wildey Road  
St. Michael BB14006  
Barbados W.I.  
(Address of principal executive offices) (Zip code)

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LUGUSHWA (BARBADOS) LIMITED
(Exact name of obligor as specified in its charter)

Barbados Not Applicable
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)

Parker House  
Wildey Business Park  
Wildey Road  
St. Michael BB14006  
Barbados W.I.  
(Address of principal executive offices) (Zip code)

KAMITUGA (BARBADOS) LIMITED
(Exact name of obligor as specified in its charter)

Barbados Not Applicable
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)

Parker House  
Wildey Business Park  
Wildey Road  
St. Michael BB14006  
Barbados W.I.  
(Address of principal executive offices) (Zip code)

TWANGIZA (BARBADOS) LIMITED
(Exact name of obligor as specified in its charter)

Barbados Not Applicable
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)

Parker House  
Wildey Business Park  
Wildey Road  
St. Michael BB14006  
Barbados W.I.  
(Address of principal executive offices) (Zip code)

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BANRO CONGO MINING SA
(Exact name of obligor as specified in its charter)

Democratic Republic of the Congo Not Applicable
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)

14, Avenue Sergent Moke,  
Kinshasa/Ngaliema  
Democratic Republic of the Congo  
(Address of principal executive offices) (Zip code)

KAMITUGA MINING SA
(Exact name of obligor as specified in its charter)

Democratic Republic of the Congo Not Applicable
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)

14, Avenue Sergent Moke,  
Kinshasa/Ngaliema  
Democratic Republic of the Congo  
(Address of principal executive offices) (Zip code)

LUGUSHWA MINING SA
(Exact name of obligor as specified in its charter)

Democratic Republic of the Congo Not Applicable
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)

14, Avenue Sergent Moke,  
Kinshasa/Ngaliema  
Democratic Republic of the Congo  
(Address of principal executive offices) (Zip code)

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NAMOYA MINING SA
(Exact name of obligor as specified in its charter)

Democratic Republic of the Congo Not Applicable
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)

14, Avenue Sergent Moke,  
Kinshasa/Ngaliema  
Democratic Republic of the Congo  
(Address of principal executive offices) (Zip code)

TWANGIZA MINING SA
(Exact name of obligor as specified in its charter)

Democratic Republic of the Congo Not Applicable
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)

14, Avenue Sergent Moke,  
Kinshasa/Ngaliema  
Democratic Republic of the Congo  
(Address of principal executive offices) (Zip code)

___________________________

10% Secured Notes due 2021
(Title of the indenture securities)

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1.

General information. Furnish the following information as to the Trustee:


  (a)

Name and address of each examining or supervising authority to which it is subject.


  Name Address
     
  Superintendent of the Department of Financial Services of the State of New York One State Street, New York, N.Y.
  10004-1417, and Albany, N.Y.
  12223
     
  Federal Reserve Bank of New York 33 Liberty Street, New York, N.Y.
    10045
     
  Federal Deposit Insurance Corporation 550 17th Street, NW
    Washington, D.C. 20429
     
  The Clearing House Association L.L.C. 100 Broad Street
    New York, N.Y. 10004

  (b)

Whether it is authorized to exercise corporate trust powers.

Yes.

2.

Affiliations with Obligor.

   

If the obligor is an affiliate of the trustee, describe each such affiliation.

   

None.


16.

List of Exhibits.

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the "Act") and 17 C.F.R. 229.10(d) .

  1.

A copy of the Organization Certificate of The Bank of New York Mellon (formerly known as The Bank of New York, itself formerly Irving Trust Company) as now in effect, which contains the authority to commence business and a grant of powers to exercise corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-1 filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed with Registration Statement No. 33-21672, Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637, Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121195 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152735).

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  4.

A copy of the existing By-laws of the Trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-207042).

     
  6.

The consent of the Trustee required by Section 321(b) of the Act (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-188382).

     
  7.

A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.

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SIGNATURE

Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon, a corporation organized and existing under the laws of the State of New York, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York, and State of New York, on the 28th day of February, 2017.

  THE BANK OF NEW YORK MELLON
       
  By:   /s/ James W. Briggs
    Name: James W. Briggs
    Title: Vice President

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EXHIBIT 7

Consolidated Report of Condition of

THE BANK OF NEW YORK MELLON

of 225 Liberty Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,

a member of the Federal Reserve System, at the close of business December 31, 2016, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.

ASSETS   Dollar amounts in thousands  
       
Cash and balances due from depository institutions:    
   Noninterest-bearing balances and currency and coin   4,245,000  
   Interest-bearing balances   69,260,000  
Securities:      
   Held-to-maturity securities   39,852,000  
   Available-for-sale securities   68,602,000  
Federal funds sold and securities purchased under agreements to resell:    
   Federal funds sold in domestic offices   0  
   Securities purchased under agreements to resell   14,616,000  
Loans and lease financing receivables:      
   Loans and leases held for sale   0  
   Loans and leases, net of unearned income   33,868,000  
   LESS: Allowance for loan and lease losses   143,000  
   Loans and leases, net of unearned income and allowance   33,725,000  
Trading assets   3,439,000  
Premises and fixed assets (including capitalized leases)   1,053,000  
Other real estate owned   4,000  
Investments in unconsolidated subsidiaries and associated companies   515,000  
Direct and indirect investments in real estate ventures   0  
Intangible assets:      
   Goodwill   6,244,000  
   Other intangible assets   927,000  



Other assets   15,094,000  
Total assets   257,576,000  
       
LIABILITIES      
Deposits:      
   In domestic offices   110,284,000  
   Noninterest-bearing   69,903,000  
   Interest-bearing   40,381,000  
   In foreign offices, Edge and Agreement subsidiaries, and IBFs   102,533,000  
   Noninterest-bearing   7,872,000  
   Interest-bearing   94,661,000  
Federal funds purchased and securities sold under agreements to repurchase:    
   Federal funds purchased in domestic offices   152,000  
   Securities sold under agreements to repurchase   2,392,000  
Trading liabilities   3,747,000  
Other borrowed money:      
   (includes mortgage indebtedness and obligations under capitalized leases)   7,066,000  
Not applicable      
Not applicable      
Subordinated notes and debentures   515,000  
       
Other liabilities   6,489,000  
Total liabilities   233,178,000  
       
EQUITY CAPITAL      
Perpetual preferred stock and related surplus   0  
Common stock   1,135,000  
Surplus (exclude all surplus related to preferred stock)   10,516,000  
Retained earnings   14,417,000  
Accumulated other comprehensive income   -2,020,000  
Other equity capital components   0  
Total bank equity capital   24,048,000  
Noncontrolling (minority) interests in consolidated subsidiaries   350,000  
Total equity capital   24,398,000  
Total liabilities and equity capital   257,576,000  


I, Thomas P. Gibbons, Chief Financial Officer of the above-named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and belief.

Thomas P. Gibbons,
Chief Financial Officer

We, the undersigned directors, attest to the correctness of this statement of resources and liabilities. We declare that it has been examined by us, and to the best of our knowledge and belief has been prepared in conformance with the instructions and is true and correct.

Gerald L. Hassell      
Catherine A. Rein   Directors  
Joseph J. Echevarria