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Dexia skips interest payment on non-cumulative fixed-to-floaters
Chicago, Jan. 9 – Dexia SA announced it will not be making the Feb. 2 interest payment on the fixed-rate to floating-rate perpetual non-cumulative guaranteed securities (ISIN: XS0273230572) that were issued in 2006, according to an announcement.
There is €39,788,000 current nominal amount outstanding. The original issue was €500 million.
The company said it will not make the interest payment considering the merger between Dexia Funding Luxembourg SA and Dexis SA.
Dexia is a 94.4% state-owned Belgian-French banking institution under the direct supervision of the European Central Bank.
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