Easy Debt Service (EDS) has informed us that a payment of EUR 200,000 is planned to be transferred to Mintos by the end of June. The funds are intended to cover all delayed coupon payments due between 25 October 2025 and 25 January 2026 for the following bonds:
- LVX0000JLB83
- LVX0000JSOQ8
- LVX0000KM3T2
- LVX0000KTV96
- LVX0000KYZW8
- LVX0000L5JI5
- LVX0000LBOK3
- LVX0000LNJD3
- LVX0000M6RU0
- LVX0000MARM2
- LVX0000MH380
- LVX0000MLXH7
- LVX0000MQYX1
- LVX0000MWFL3
- LVX0000N0DA4
- LVX0000N4UD4
- LVX0000N96C7
- LVX0000NGKN0
- LVX0000NM107
- LVX0000NQXP7
- LVX0000NVY21
- LVX0000O0DE5
- LVX0000O5AW2
- LVX0000OCVC7
- LVX0000OCVB9
- LVX0000OKHR7
- LVX0000OMK76
- LVX0000OS6H0
- LVX0000OV5B0
- LVX0000P1M44
EDS has also informed us that the agreement for the sale of the real estate asset is currently in the final signing stage, with signing expected in the following weeks. Following the signing, EDS expects to receive an advance payment of approximately EUR 500,000. Part of this amount is expected to be transferred to Mintos, although the exact amount has not yet been confirmed. We are urging EDS to confirm the amount as a priority.
According to the latest information provided by EDS, the remaining proceeds from the property sale are expected to be received in July 2026. The expected sale price is between EUR 10.5 million and EUR 11 million. Once the sale proceeds are received, EDS plans to fully repay all overdue bond principal amounts, delayed coupon payments, and applicable late interest.
EDS has additionally confirmed that coupon and principal payments for other bonds are expected to continue according to the original schedule.
We continue to monitor the situation closely and remain in active communication with EDS to ensure timely updates and the best possible outcome for investors.
Also, we have sent two additional Event of Default Notices: one regarding the bonds that matured on May 8 and another regarding the bonds that matured on May 22.
We will provide another update as soon as there are any significant developments.