CLOSE

Notice of Event of Default in Hancap AB (publ)

30 October 2020

To holders of the up to SEK 200,000,000 bonds with ISIN SE0012481307, NO0010849193 and NO0010849201 (the “Bonds”) issued by Hancap AB (publ) (the “Issuer”) on 30 April 2019.

The Issuer has failed to redeem the Bonds on the Final Maturity Date on 30 October 2020. The Trustee has been in contact with the representatives of the Issuer several times without no concrete plan in regards of the redemption.

In our capacity as Trustee, we hereby notify you in accordance with Clause 13.10(c) of the Terms and Conditions, that an Event of Default under Clause 13.1 (Non-Payment) have occurred.

The Trustee shall, within twenty Business Days of the date on which the Trustee received actual knowledge of that an Event of Default has occurred and is continuing, decide if the Bonds shall be accelerated. If the Trustee decides not to accelerate the Bonds, the Trustee shall promptly seek instructions form the bondholders in accordance with clause 16 of the Terms and Conditions (Decisions by Bondholders).

Further, as of the date of this notice, the Issuer has not remedied the previous breach of the Terms and Conditions set forth in the notice sent by the Trustee to the Holders on 3 August 2020 in regards of the failure to pay the Interest Payment due on 30 July 2020.

If you have any questions, please do not hesitate to contact the Trustee.

Intertrust (Sweden) AB
Beatrice Gustafsson
Email: [email protected]
Tel: +46 70 141 10 82

Our services

Corporate Client Services

Operating internationally can be challenging. You need a partner who understands local rules, culture and customs and how they affect legal and regulatory requirements. That’s where we come in.

Can't find what you're looking for?

View all corporate client services

Private Capital & Hedge Funds Services

We differentiate our global leading fund services through our geographical spread, domain strength, technology offering and depth of services.

Can't find what you're looking for?

View all private capital & hedge fund services

Capital Markets

As capital markets evolve across the globe, you need a bespoke approach from a service provider with a genuine understanding of how markets are changing.

Can't find what you're looking for?

View all capital markets services

Private Wealth

By understanding the importance of long-term relationships built around trust, we aim to truly understand your values. We’re your partner to help you protect, preserve and plan for the future.

Can't find what you're looking for?

View all private wealth services