Brief: OTI Greentech: Temp. Suspension Of Interest Payment On Convert. Bonds
30/04/2018 13:24
April 30 (Reuters) - OTI Greentech AG NSAG.D :
* TEMPORARY SUSPENSION OF INTEREST PAYMENT ON CONVERT. BONDS, NEGOTIATIONS WITH BONDHOLDERS
RE
RESTRUCTURING
* TO PROPOSE TO REDUCE INTEREST RATE OF BOTH BONDS FROM 8.5% TO 4.0% RETROACTIVELY
* TO DEFER PAYMENT OF (REDUCED) INTEREST PAYMENTS DUE ON 1 MAY OR 23 MAY, RESPECTIVELY, BY 6
MONTHS
Source text - https://bit.ly/2KnIfqM
Further company coverage: NSAG.D
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