NEWS
News

3 October 2022

GTLK Europe announcement on Eurobond payment

GTLK Europe seeks to update on the situation with regards to Eurobond payments due by both GTLK Europe DAC and GTLK Europe Capital DAC. The Issuer has now received authorisations from the Central Bank of Ireland (CBI) under council Regulation (EU) No 269/2014 of 17 March 2014 to make the below schedule of payment to the Bank of New York Mellon, London Branch as the “Principal Paying Agent”.

The Issuers as a next step are applying to the US Sanctions authority OFAC to allow the Dollar payments to be released. We will continue to update as soon as there are further developments.

Eurobond

Date on which interest payment is due

Maximum Amount (USD)

Status

XS1713473608

17 April 2022

15,000,000

Confirmation received that funds have been received by Paying Agent.

 XS1577961516

31st May 2022

13,000,000

CBI approval received. Awaiting OFAC approval for release.

 XS2010044381

 

18 August 2022

13,612,500

CBI approval received. Awaiting OFAC approval for release.

XS2131995958

 

10 September 2022

13,950,000

CBI approval received. Awaiting OFAC approval for release.

XS2249778247

 

26 August 2022

12,000,000

CBI approval received. Awaiting OFAC approval for release.

XS2010027451

 

27 August 2022

13,050,000

CBI approval received. Awaiting OFAC approval for release.

 

 

 

4 July 2022

GTLK Europe announcement on Eurobond payment

 

GTLK Europe seeks to update on the situation with regards to Eurobond payment due by GTLK Europe Capital DAC for April 2022 interest coupon payment of USD 14,875,000 maturing April 2025, ISIN: XS1713473608.

The Issuer has now received an authorisation from the Central Bank of Ireland under council Regulation (EU) No 269/2014 of 17 March 2014 to make the payment to the Bank of New York Mellon, London Branch as the “Principal Paying Agent”. The Company has been working tirelessly to release the funds for all amounts due and owing. In this regard, confirmation has now been received from the Issuer’s bank that payment has been processed and that the Principal Paying Agent ought to be in receipt of funds. Consequently, the Issuer has now fulfilled its obligations and is now a matter for the Principal Paying Agent to finalise the release of funds.

It is the Issuers expectation that this precedent will allow for the upcoming Interest coupon payments due on other Eurobonds issuances however this is the only authorisation received to date. The Issuer continues to work with the Central Bank of Ireland in this respect and will make further updates as and when we have them.