The company LAMDA Development SA (the “Company”), in response to the letter no. of funds amounting to € 213,246 thousand on 31.12.2020 and € 188,000 thousand on 30.06.2021, which resulted from the issuance of a Common Bond Loan (COD) amounting to € 320m, informs the investing public about the following:
The funds that remained unallocated on 31.12.2020 amounting to € 213,246 thousand were invested in short-term placement of low risk (term deposit) in a credit institution in Greece.
The funds that remained unallocated on 30.06.2021 amount of € 188,000 thousand were deposited in a current bank account, in a credit institution in Greece, as part of securing the bond loan signed on 24.06.2021 by the Company with the banks “Eurobank Bank SA” and “Piraeus Bank SA”. for the utilization of the property of Elliniko.
The above uses of the unallocated funds on 31.12.2020 and 30.06.2021 were in accordance with the provisions of the Prospectus (4.1.2 Reasons for Issuance of the Code and Destination of Funds).
Source From: Capital
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