Optima Telekom has informed the Zagreb Stock Exchange that it has failed to raise funds for the payment of due interest on the bond marked OPTE-O-142A.
Due to this, the company has decided to urgently initiate the pre-bankruptcy settlement procedure, and today a proposal for initiating this procedure has been submitted. The Zagreb Stock Exchange suspended trading of Optima Telekom shares at 10:38 AM. The suspension lasted until 12:30 PM, allowing investors time to be informed, and trading will continue under the pre-opening modality extended for the duration of the variable closing, after which continuous trading will begin.
The total issuance of Optima Telekom bonds, with an interest rate of 9.125 percent and maturing on February 1, 2014, amounts to 250 million kuna. The bonds were issued on February 1, 2007, and it has been established that interest is paid annually in equal amounts.
