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GECCI Investment KG: Interest payment for the GECCI 2020/25 bond made up within the healing period

·2-min read

DGAP-News: GECCI Investment KG / Key word(s): Bond
GECCI Investment KG: Interest payment for the GECCI 2020/25 bond made up within the healing period
29.08.2022 / 09:23 CET/CEST
The issuer is solely responsible for the content of this announcement.

Bockenem, August 29, 2022 - On August 2, 2022, construction service provider and bond issuer GECCI informed investors about a delay in the outstanding interest on bond 2020/25 (DE000 A3E46C 5).

The payment of the interest was now made on time on August 26, 2022 and in full at the paying agent Bankhaus Gebrüder Martin AG. Depending on the bank details, the execution of the transfer between the payment office and your own account can take one to several working days. The decisive factor for compliance with the deadline is the time of deposit at the paying agent.

Managing Director Gerald Evans: “We are grateful for the patience of our bond investors, who unfortunately had to be subjected to a severe stress test at the beginning of August. The interest payment has now been made. We once again expressly ask for your understanding for the delay in view of the challenging economic conditions, in which our own claims often only reach us with delays.”

GECCI's business model is heavily dependent on pre-financing, i.e. GECCI makes advance payments for the sale of single-family houses via GECCI Rent and Buy (www.mietübereignung.de), both for the various building materials and for all other construction services. The preparatory work for the multi-family house project in Bockenem-Bültum has already been carried out - in the meantime, one of the single-family houses is due to be completed at intervals of one to two months.

Further information at www.gecci.net and www.gecci-investment.de


29.08.2022 CET/CEST Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

GECCI Investment KG

Marktstr. 23

31188 Holle

Germany

Phone:

+49 (0)5062 898 9100

Fax:

+49 (0)5062 898 9109

E-mail:

kontakt@gecci-investment.de

Internet:

www.gecci-investment.de

ISIN:

DE000A3E46C5, DE000A289QS7

WKN:

A3E46C, A289QS

Listed:

Regulated Unofficial Market in Dusseldorf, Frankfurt, Hamburg, Munich, Stuttgart

EQS News ID:

1429785


 

End of News

DGAP News Service

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