CLOSE

Featured articles and media

CLOSE

Smallville – Information from the Issuer about interest payments

20 June 2022

Please find attached information from Smallville in relation to interest payments of NOK for ISIN: NO0012450602

Due to the technical setup of the VPS system it is not possible to make interest payments for the NOK Bond. The reason for this explained below by DNB.

Comment from DNB and VPS:
ISIN NO0010843600 had maturity date on 20.02.2022. As the maturity date was not amended before 2 days prior to the maturity date, the ISIN was registered as defaulted,
as no payment was made to investors, and ISIN was closed down in the VPS.

Instead, VPS issued a new ISIN:
NO0012450602 – Non-Interestbearing ISIN for defaulted redemption 20.02.2022, outstanding position of NOK 22,000,000, i.e. technically no interest can be paid.
The Issuer has been working on finding a solution to this problem with its advisors for some time and have concluded that there is no ideal solution.

The Issuer will revert with a suggestion of how to treat the issue during next week.

The notice can be downloaded here: PRM WP update nok ränta

For further information, please see www.lilleby.se or contact:
Lars Kristiansson, CEO. Smallville AB (publ).
Telefon: 08-23 52 00, E-post: [email protected]

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