30 May 2022
To the bondholders in the EUR, NOK and SEK Senior Secured Callable PIK Interest Bonds 2020/2023 with ISIN SE0014111357 (EUR), NO0010877434 (NOK), NO0010877442 (NOK), NO0010877459 (NOK), NO0010877467 (SEK), SE0014111365 (SEK) and SE0014111373 (SEK) issued by Columbidae Properties Holding AB (publ) (the “Issuer”) on 19 March 2020 (the “Ordinary Bonds”) and with ISIN SE0014111431 (EUR), NO0010877426 (NOK) and SE0014111449 (SEK) issued by Columbidae Properties Holding AB (publ) on 24 March 2020 (the “Premium Bonds” and jointly with the Ordinary Bonds, the “Bonds”).
This update pertains to the Issuer’s project in Malung-Sälen Västra Långstrand and Malung-Sälen Västra Sälen project (the “Fjällbacken Lindvallen Project”). Construction and sale on the Fjällbacken Lindvallen Project commenced during April 2021 and at the moment approximately 71 per cent of the project as currently planned and projected has been sold, i.e., entered into advance agreements (sw. förhandsavtal).
The Issuer would like to inform the holders of the Bonds that the package deal contractor that the Issuer had contracted for the Issuer’s Fjällbacken Lindvallen Project has filed for and has been declared bankrupt.
Please see the full information notice above.
Intertrust (Sweden) AB, trustee@intertrustgroup.com