Default in receipt of coupon due
Aratus Renewable Energy Asset Backed ETI
The following is corporate news issued by Delta1 Securities PLC (the "Issuer") in respect of the below listed security issued by the Issuer:
Aratus Renewable Energy Asset Backed ETI (ISIN MT0000871211)
The Board of Directors of the Company wishes to notify investors
that in respect of the above-mentioned, the collateral obligor
Aratus Renewable Energy Inc. has notified the Issuer that the
underlying investment is in default in the payment of the coupon /
interest that was due for the period ending September 2017.
The collateral obligor has ensured that it will commence the procedure stipulated in the Loan Note Instrument for Events of Default.
The Board of Directors hereby confirm, for the avoidance of doubt, that the liquidation procedure of Aratus Renewable Energy Asset Backed ETI is still underway and expected to be finalised by end of 2021.
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