Event Publicly Available Information:
The Eligible Market Participant that submitted the potential DC Question has asked that the DC consider whether a Failure to Pay Credit Event has occurred with respect to the Reference Entity in relation to the bond having ISIN XS2138128314 (8% coupon, maturity date 15 May 2027)?
The Eligible Market Participant noted that the coupon was due on 15 May 2025 (see the information available on the listing information link and the information relating to coupon terms link below). The Eligible Market Participant noted that the Reference Entity had previously noted in a press release that as part of an agreed restructuring plan, creditors will receive accrued interest through 31 March 2025 only.
The Eligible Market Participant that raised the potential DC question also included a statement from S&P that the coupon was not paid on the due date.
Press release
Listing information
Information relating to coupon terms