Noval declared the 1st interest payment period of its Green Bond
The date of determination (Record Date) of the beneficiaries of interest of the Bond Loan for the 1st interest period is Friday 03.06.2022.
The REIC in an official press release declared,
NOVAL PROPERTY REAL ESTATE INVESTMENT COMPANY announced that according to the terms of the Green Common Bond Loan of 06.12.2021 issued by the Company (hereinafter the “Bond Loan”), the date of determination (Record Date) of the beneficiaries of interest of the Bond Loan for the 1st interest period, i.e. from 06.12.2021 to 06.06.2022, is Friday 03.06.2022.
As of Thursday 02.06.2022 (ex-coupon date), the bonds of the Company will be trading on the Athens Stock Exchange without the right to receive the first (1st) coupon.
The gross interest due for the first (1st) Interest Period amounts to €1.607.666,67, i.e. €13,3972222222 per bond, of nominal
value of €1.000, which has been calculated at an annual interest rate of 2,65% (before tax), on a 360-day year and actual
number of days (ACT/360) basis and corresponds to 120.000 bonds currently trading on the regulated market of the Athens
The payment of the interest due to the bondholders (hereinafter the “Bondholders”) will take place through the “HELLENIC CENTRAL SECURITIES DEPOSITARY S.A.” (ATHEXCSD) on Monday 06.06.2022, as follows:
1.Through the Operators of the Bondholders in the Dematerialized Security System – D.S.S. (Banks and Investment firms) for the Bondholders who have authorized their Operators for the collection of interest due, as provided in the D.S.S.'s Rulebook and ATHEXCSD's relevant resolutions.
2. Especially in the cases of interest payments to heirs of deceased Bondholders whose titles are kept in the Special Account of their Share in the D.S.S., under the operation of ATHEXCSD, the payment of the interest due to the legal heirs will be made a) through ATHEXCSD within one (1) year from the coupon payment date at the offices of the Payment Administrator at 110, Athinon Avenue, Athens, on working days from 9:00 to 16:00, or to a bank account indicated by the heirs of deceased Bondholders through their written demand to the Payment Administrator, and b) through a cash deposit in the Deposits and Loans Fund (TPD) made by ATHEXCSD after the lapse of one (1) year. All costs of any kind of the creation of such deposit (indicatively, and not limited to, right and duty of the TPD, etc.) shall be borne by the beneficiaries.
It is hereby clarified that according to the current applicable legislation, the right to collect interest is subject to statute of limitation upon the lapse of five (5) years from the end of the year within which the claim was born [i.e. for the interest of the above first (1st) interest period until 31.12.2027] and that after the limitation period according to the above any uncollected amounts are definitively transferred to the Hellenic Republic.