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Prospect News home > News index > List of issuers D > Headlines for Dexia SA > News item
Published on 10/2/2014 in the Prospect News Distressed Debt Daily.

Dexia will not make Nov. 3 interest payment on perpetual securities

By Caroline Salls

Pittsburgh, Oct. 2 – Dexia SA will not make the Nov. 3 interest payment on its outstanding €39.79 million of fixed-rate/floating-rate perpetual non-cumulative guaranteed securities, according to a news release.

A total of €500 million of the securities were issued on Feb. 11, 2006, and the securities can be called on Feb. 11, 2016 and quarterly thereafter.

Dexia is a Brussels-based financial holding company.


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