Friday, April 1, 2022 was set as the Record Date of the Common Bond Loan for the 8th Interest Period, according to an announcement by GEK Terna. The date on which the bonds will be traded without the 8th coupon (ex coupon date) is Thursday, March 31, 2022.
The company’s announcement:
In accordance with terms of the Common Bond as decided by “GEK TERNA SA” on March 16, 2018 (hereinafter “the Bond Loan“), the record date for the beneficiaries of interest for the 8th Interest Period from 04.10.2021 until 04.04.2022 is set to be Friday April 1, 2022.
The date on which the bonds will be traded without the 8th coupon (ex coupon date) is Thursday, March 31, 2022.
The gross interest amount for the 8th Interest Period is 2,396,333.33 euros, i.e. 19,9694444444 euros per bond, calculated at an annual interest rate of 3.95% (before tax), corresponding to 120,000 bonds currently traded on the Athens Exchange’s regulated market.
The payment of the interest due to the beneficiaries of the bonds will be effected through the “Greek CENTRAL SECURITIES DEPOSITORY S.A. (ATHEXCSD) on Monday, April 4, 2022 as follows:
1. Through the operators of the beneficiaries in the Dematerialized Security System (Banks and Securities firms) for the bondholders that have authorized their operators for the collection, according to the D.S.S. Operations Regulation and ATHEXCSD relevant resolutions.
2. Especially in cases of interest payments to heirs of deceased beneficiaries whose titles are kept in the Special Account of their Share in D.S.S., under the management of ATHEXCSD according to Article 15 of the D.S.S. Operations Regulation, the payment of the interest to the legal heirs will be made a) through ATHEXCSD within one (1) year from the date of payment of interest, and b) through a cash deposit in the Deposits and Loans Fund (TPD) after the lapse of one (1) year. ”
It is hereby clarified that, according to the applicable legislation, the right to collect interest amount expires if not collected within the time limit of five (5) years and any relevant amount shall be reimbursed to the Hellenic Republic.
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