Dexia to forgo interest on €39.8 million fixed-to-floating perpetuals

By Susanna Moon

Chicago, March 21 – Dexia SA will pay no interest due May 2 on its €39,788,000 of outstanding €500 million fixed-to-floating perpetual non-cumulative guaranteed securities.

The interest payment will be skipped “considering the merger between Dexia Funding Luxembourg SA and Dexia SA ... according to condition 6 of the prospectus,” according to a company notice.

Dexia is a Brussels-based banking group.

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