UPP Olaines OÜ (hereinafter "Issuer"), which has issued bonds with ISIN code EE3300002567 in the total amount of EUR 6,215,000 and with a maturity date of 25.02.2025, wishes to inform investors of a potential schedule adjustment.
Due to the change of the bank refinancing the bond issue and the time required for the related collateral formalization procedures, the bond redemption may be delayed by up to two weeks. As a result, the bond redemption will take place no later than March 11, 2025.
In accordance with clause 10.5 of the bond terms, the Issuer will pay default interest of 0.05% on the outstanding amount for each day past the scheduled redemption date as stipulated in the bond terms, until the bonds are redeemed.
For further information, please contact:
Oliver Olev
Analyst
+372 5379 0962