DJ GECCI Investment KG: Interest on the GECCI 2020/25 bond will be paid within the healing period
DGAP-Media / 2022-08-02 / 10:30 Bockenem, August 02, 2022 - The GECCI Group informs that the Interest originally due on August 1 for bond 2020/25 (ISIN DE000 A3E46C 5), Maturity five years, coupon 5.75%, delayed, but within the so-called healing period of 30 days. The reason for the delay is technical problems in connection with the Optimization of cash flows. The group expressly states that could pay the interest due at any time and also on time, albeit will do late. The business model of GECCI is heavily dependent on pre-financing, i.e. for the sale of the Single-family houses via GECCI Rent and Buy (mietübereignung.de) go into GECCI Advance payment for the various building materials as well as for all other construction Services. The preliminary work for the multi-house project in Bockenem-Bültum already done, meanwhile the completion stands at a distance of one to two months one of the single-family houses. Further information at www.gecci.net and www.gecci-investment.de End of Media Release
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Issuer: GECCI Investment KG Key word(s): Finance
2022-08-02 Dissemination of a Press Release, 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
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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: 1411267
End of News DGAP Media
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1411267 2022-08-02
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1411267&application_name=news
(END) Dow Jones Newswires
August 02, 2022 04:30 ET (08:30 GMT)
