Late obligation statut
Hello,
Maybe I have found it, but it would be great if we have the same interface for late obligation.
How can we have update on what's going on.
I have 100€ late on this obligation LVX0000GBMM3
how can i have any news for example ?
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Same here... I fear AUGA Group has some trouble, though I did not see any news from Minots (or maybe I haven't noticed) https://investorshangout.com/auga-group-abs-court-decision-on-creditors-claims-unveiled-277688-/
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@mintos any news on late obligations ?
How can we have info?0 -
On this case, check the news from Nasdaq Baltic on Auga group.
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Mintos,
Please any official information?1 -
I'm also interested in the AUGA situation. Some information would be good.
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Dear investors,
Please be informed that during the extraordinary bondholders meeting the bondholders made a decision to postpone the coupon payment from May 8 to July 31, 2025 on following conditions:
1. Issuer will provide additional security: the first priority pledge as a security for the liabilities of the Issuer arising out of the Bonds over the herd (milking cows) owned by Pamargės pienas, UAB, legal entity code 306237977, as a real estate complex (hereinafter referred to as the “Additional Pledge”). The value of the pledged property, which will be specified in the Pledge Agreement, is EUR 350,000 (book value EUR 1,011,449.05).
2. The Issuer will pay additional annual interest of 18.25 percent on the postponed amount of EUR 348,880 starting 8 May 2025 until this amount is settled in full which such additional interest shall be due and payable on 31 July 2025;
3. The Issuer undertakes to evaluate strategic alternatives for the redemption of the Bonds. To ensure the process, the Issuer will select a financial advisor and sign an agreement for the evaluation of alternatives by August 31, 2025. The Issuer undertakes to ensure that by September 30, 2025 the selected financial advisor prepares an information memorandum on the strategic alternatives for the redemption of the bonds and to share it with the Bondholders.
More information can be found here: https://www.audifina.lt/wp-content/uploads/2025/06/UAB-AWG-investment-1-susirinkimo-protokolas_LT-EN.pdf2 -
Thks you for the answer!
But @marek the real problem is how could we have the info without asking ?
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Dear Cyril,
This information has been made public only a while ago and the outcome was not certain previously, therefore we had to wait for the mentioned bondholders meeting, to be able to share this information.
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Asking again about this bond, that had final repayment date set on the 8th of November, but after three weeks the money still results "in transit". When can we expect the money in our accounts??
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Dear Andrea,
AUGA Group has transferred the coupon payment to us. However, the principal amount has not been paid. We are currently working on a technical solution to release the coupon payment without the principal, and we expect this to be completed soon. We will update you once it’s processed. The bonds’ issuer is making every effort to ensure that the bonds are redeemed soon, in line with the bond terms.
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Dear Marek, is there any info about when the principal will be returned?
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Please provide us with an update on the expected payment date
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I checked audifina.lt , have I understood it correctly that on 15th of January there should be a meeting concerning the AUGA bond payment?
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Yes, and the outcome should be here: https://markets.ft.com/data/announce/detail?dockey=1330-1001159506en-5DO5D83HB29I1BVCV10V4GNHUM
Would appreciate Mintos to be more transparent and give some official communication!
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Dear investors,
The Issuer is proposing to restructure the terms of its defaulted bonds to avoid immediate enforcement while ensuring repayment. Here is a short summary of the key points:
1. Maturity Extension- The maturity date is moved from November 8, 2025, to September 1, 2026.
- The existing Event of Default is not waived, but enforcement is suspended as long as the Issuer complies with these new terms.
- Redemption & Mandatory Sale
- Call Option: The Issuer can redeem the bonds early at 100% par value plus interest (with 15 days' notice).
- Asset Sale: If the pledged shares in Baltic Champs, UAB are sold, the proceeds must be used to redeem the bonds in full within 10 business days.
- Escrow: Proceeds from any sale must be placed in a Trustee-controlled account to guarantee Bondholder payment.
- New Interest Rate Structure
- Past Default Period: 14% (Nov 8 – Dec 4, 2025) and 18.25% (Dec 5 until the meeting date).
- Future Period: 14% annual interest from the meeting date until redemption.
- Payments: Scheduled for May 8, 2026, and September 1, 2026 (unless redeemed earlier). No additional fines or default interest will apply if these terms are met.
Key takeaways:
The maturity date is moved from November 8, 2025, to September 1, 2026.
Interest:- Past Default Period: 14% (Nov 8 – Dec 4, 2025) and 18.25% (Dec 5 until the meeting date).
- Future Period: 14% annual interest from the meeting date until redemption.
- Payments: Scheduled for May 8, 2026, and September 1, 2026 (unless redeemed earlier). No additional fines or default interest will apply if these terms are met.
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