Featured events

Events | Virtual

Bankruptcy and Restructuring: Navigating Distress in the Evolving Markets

22 Jun 2023

Learn more >

Events | Virtual

Private Funds Industry Live, Expanding Private Funds in Global Markets

10 Jan 2023

Watch the recording >

Events | Virtual

Private Funds Industry Live, Demystifying Private Capital Funds

6 Dec 2022

Watch the recording >
Show all events >

Notice of non-payment for the up to SEK 190,000,000 (or its equivalent in NOK and USD) bonds issued by Koggbron AB (publ)

18 April 2017

Capitalized terms not otherwise defined in this notice shall have the meaning given to them in the terms and conditions relating to the Bonds (the “Terms and Conditions”).

Intertrust (Sweden) AB is the trustee for the Bondholders under the Terms and Conditions.

On 14 July 2016 Koggbron AB (publ) issued senior secured callable fixed rate bonds (ISIN: NO0010769128, NO0010769110 and NO0010769136) with a maximum nominal amount of SEK 190,000,000 (or its equivalent in NOK and USD). The Bonds had an initial six month term and were extended on the 6 December 2016 with three months. As of last week the holders of the Bonds have been informed that the Issuer will not be able to redeem the Bonds in full on the Final Maturity Date on the 18 April 2017.

The Issuer is planning on issuing a new bond at the end of April 2017 thus the proceeds from the new bond will i.e. refinance the existing bond.
Pursuant to Clause 14.10 (Acceleration of the Bonds), the Trustee shall within twenty (20) Business Days of actual knowledge of the Event of Default has occurred and is continuing decide whether the Bonds shall be accelerated. If the Trustee, during the stipulated time period, decides to not accelerate the Bonds, the Trustee will promptly seek instructions from the Bondholders.

Please note that Bondholders representing at least 10 per cent. of the Adjusted Nominal Amount may request that a Bondholders’ Meeting is convened for the purpose of deciding on a matter relating to the Finance Documents, including instructions to the Trustee to accelerate the Bonds.

The Trustee:
Intertrust (Sweden) AB

Sandra Andersson
Email: [email protected]
Tel: +46 70-860 61 25 

Kristofer Nivenius

Email: [email protected]
Tel: +46 (0)70 688 19 10

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 Clients

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 client services