Scheduled Payment on 15 December 2019

Pursuant to 9.1 (d) of the Conditions LBI hereby confirms, as the Euro Equivalent Available Cash, as determined on a Determination Date in respect of a Payment Date, is lower than the Distribution Threshold, LBI has decided not to make a payment of principal to the Bondholders on 15 December 2019 and to postpone such payment of principal until the Scheduled payment on 15 June 2020 unless postponed further.

Back to News Archive