Friday 31 December 2021 is the date of determination of the beneficiaries of interest (Record Date) of the Code for the 3rd Interest Rate from 05.07.2021 to 03.01.2022, according to the terms of the July 3, 2020 Joint Bond Loan, as decided by the Board of Directors of “GEK TERNA SA”.
The date on which the bonds will be traded without the 3rd coupon date (Ex coupon date) is Thursday, December 30, 2021, the company states in a relevant announcement.
As he points out, the gross amount of interest due for the above 3rd Interest Rate amounts to the amount of 6,951,388.89 euros, ie an amount of 13.9027777778 euros per bond which has been calculated at an interest rate of 2.75% per year (before taxes) and corresponds to 500,000 bonds which are currently being traded on the regulated market of the Athens Stock Exchange.
The payment of the due interest to the beneficiaries of the bonds will be made through the “HELLENIC CENTRAL DEPOSIT SA” (ATHEXCSD) on Monday, January 3, 2022, as follows:
1. Through the Operators of the beneficiaries in the DSS. (Banks and Stock Exchanges), for the Bondholders, who have authorized their Operators to collect the due interest, in accordance with the provisions of the DSS Operating Regulations. and related ATHEXCSD decisions.
2. Especially in the cases of payment of coupons to heirs of deceased beneficiaries whose titles are kept in the Special Account of their Share in the DSS, under the management of ATHEXCSD in accordance with Article 15 of the DSS Rules of Operation, The payment of the due interest to the legal heirs will be made a) through ATHEXCSD within one (1) year from the date of payment of the coupon, and b) through a cash deposit in the Deposits and Loans Fund (TSI) after the lapse of one (1) year. ”
It is clarified that according to the current legislation, the right to collect interest is statute-barred after the lapse of five years and any uncollected amounts are permanently transferred to the Greek State.
Source From: Capital
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