CLOSE

Notice of non-payment of interest for bonds issued by Moment Group AB (publ)

2 April 2020

To the holders of the up to SEK 400,000,000 senior unsecured floating rate bonds with ISIN SE0010985978 (the “Bonds”) issued by Moment Group AB (publ) (the “Issuer”).

We refer to the Terms and Conditions and to the notice of initiation of a written procedure dated 24 March (the “Written Procedure“) pursuant to which the Issuer has asked for written consent to amendments to the Terms and Conditions to the effect that it will not be obliged to pay Interest in cash on the Interest Payment Dates falling on 31 March 2020, 30 June 2020 and 30 September 2020. Instead it is proposed that such Interest shall on the relevant Interest Date, be added to the Nominal Amount of each Note and thereafter for all purposes be treated as the Nominal Amount of such Note.

The Written Procedure has not yet been concluded and consequently – pending the resolution of the Written Procedure – the Issuer has informed the Agent that it has not made the payment of Interest due in respect of the Bonds on 31 March 2020. The Issuer has informed that the decision whether or not to pay Interest in cash will be made when the outcome of the Written Procedure is clear.

Considering the ongoing Written Procedure, the Agent has temporarily decided not to take any actions under the Terms and Conditions with regards to the non-payment of Interest while awaiting the outcome of the Written Procedure.

The full notice is available here and has been sent to all direct registered bondholders.

Addresses for queries

To the Issuer:
Moment Group AB (publ)
Josefin Dalum, CEO 
[email protected], +46 70 394 80 92

To the Agent:
Intertrust (Sweden) AB, Beatrice Gustafsson
[email protected], +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