4 July 2022
GTLK Europe seeks to update on the situation with regards to Eurobond payment due by GTLK Europe Capital DAC for April 2022 interest coupon payment of USD 14,875,000 maturing April 2025, ISIN: XS1713473608.
The Issuer has now received an authorisation from the Central Bank of Ireland under council Regulation (EU) No 269/2014 of 17 March 2014 to make the payment to the Bank of New York Mellon, London Branch as the “Principal Paying Agent”. The Company has been working tirelessly to release the funds for all amounts due and owing. In this regard, confirmation has now been received from the Issuer’s bank that payment has been processed and that the Principal Paying Agent ought to be in receipt of funds. Consequently, the Issuer has now fulfilled its obligations and is now a matter for the Principal Paying Agent to finalise the release of funds.
It is the Issuers expectation that this precedent will allow for the upcoming Interest coupon payments due on other Eurobonds issuances however this is the only authorisation received to date. The Issuer continues to work with the Central Bank of Ireland in this respect and will make further updates as and when we have them.