Landic Property Bonds VII (Stockholm) A/S
Non payment of bond interest.
Keops EjendomsObligationer VII A/S / Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Published to OMX The Nordic Exchange via Company News Service on 27 November 2008 Non payment of bond interest The company hereby announces that interest payments on bonds issued by the company will not be paid on the due date 30 November 2008. This announcement affects the following bonds ISIN: Nominal value (DKK) DK0030014311 70,000,000 DK0030014584 410,000,000 The company's senior lender has served a notice of default under the senior loan agreement claiming that the company is not in compliance with the loan to value covenant. Thus, the senior lender has declined to the release of sufficient funds to meet the payment of the bond interest on the due date. The Company will continue discussions with the senior lender to try to remedy or collect a waiver on the covenant. Furthermore, the Company will agree with the bond bank and the special servicer on the mandatory steps in accordance with the provisions in the prospectus. If the non-payment exists beyond 8 days after the due date the bond bank is obligated to call for a bondholders meeting with a notice of not less than 8 days. Please address questions relating to this notice to Gunnar Petersen, Chairman of the Board, on telephone +45 3378 4000. News Source: NASDAQ OMX 27.11.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Keops EjendomsObligationer VII A/S Denmark Phone: Fax: E-mail: Internet: ISIN: DK0030014311 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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