We would like to provide investors with an update on the status of Easy Debt Service (EDS).
Payments received since our last update
Since 6 August 2026, EDS has paid approximately EUR 55,000 in coupon payments, which have been distributed to investors. This amount forms part of the at least EUR 200,000 that EDS had expected to transfer during July. The outstanding balance is being included in the September settlement.
As previously communicated, the delays continue to be caused by the slower-than-expected sale of the real estate asset, which remains the primary source of liquidity for settling the outstanding obligations.
Status of the real estate sale
The sale has not yet been finalized. The transaction is in the final stages of completion with financing arrangements in place.
Expected timing of repayments
EDS expects to settle the delayed principal, coupon payments, and applicable late interest by the end of September 2026. This timeline depends on the completion of the buyer's bank financing, which is outside EDS's and Mintos's control.
Amounts outstanding
Approximately EUR 3.5 million of principal is currently outstanding across the EDS bonds that have matured but remain unpaid, in addition to delayed coupon payments and accrued late interest.
Full repayment or restructuring
If the funds are received by the end of September as currently indicated, Mintos expects full repayment of outstanding principal together with delayed interest. Investors have asked whether a restructuring or maturity extension is becoming likely: no such arrangement has been proposed or agreed, and it is not the scenario Mintos is currently working towards.
If the sale does not close
Based on the documentation received so far, we believe the sale will be completed as planned. If it is not, Mintos will proceed with the enforcement procedure, supported by the Event of Default Notices for bonds that were not paid on time.