Unscheduled Payment estimated to be €418,648,652
Terms defined in this notice shall be construed in accordance with the conditions set out in the Schedule 1 to the Trust Deed, dated 23 March 2016 and made between the Issuer, the Trustee and the U.S. Trustee (the “Conditions“).
Pursuant to 9.2(a)(ii) of the Conditions, and in furtherance of the Unscheduled Payment Notice issued on the 16 September 2016, the Issuer hereby notifies the Bondholders of a payment which will be applied in partial redemption of the Bonds on the Payment Date of 12 October 2016. The estimated Euro Equivalent Available Cash for this payment is € 418,648,652.
An estimated breakdown of the currencies included and the assets from which the Euro Equivalent Available Cash will derive, in accordance with 9.1(b)(ii) of the Conditions can be found here.
The Currency Conversion Date for the non EUR currencies will be 5 October 2016. LBI will provide a further notification within few days which will confirm the final amount of Euro Equivalent Available Cash which will be used as partial redemption of the Bonds on the Payment Date of 12 October 2016.