Easy Debt Service (EDS) has informed us that there will be further delays in settling the principal of matured bonds, as well as upcoming coupon payments due in April.
Mintos is actively working with EDS to agree on a repayment schedule, and we expect to have a confirmed plan by the end of May. We will inform investors accordingly once this plan is in place.
Repayment is planned to be made from the proceeds of a real estate asset sale, which is part of EDS’s business activity. However, the transaction is taking longer than initially expected and is currently planned to be completed in September 2026. We recognise that it is a significant wait. While full repayment is expected after the sale, we are working with EDS to secure interim payments where possible and to establish a clearer repayment schedule in the coming weeks.
As part of ongoing payments, we have received a partial coupon payment of EUR 20,000, which has already been distributed to investors. An additional EUR 40,000 is expected in the coming weeks.
As an interim update, the EUR 20,000 payment was distributed to investors in bonds that matured in December 2025 and January 2026, where the principal remains outstanding:
- EUR 13,004.83 for ISIN LVX0000KAZJ5
- EUR 7,780.50 for ISIN LVX0000LX355
Event of Default notice issued
We have issued a formal Event of Default (EoD) notice following missed payments by EDS. This strengthens your rights as an investor and gives Mintos greater grounds to act on your behalf.
Late interest will be paid together with the principal repayment.
We will share a further update when anything material changes.