(Tiper Stock Exchange) – Eurolife communicated that the payment of the coupon of the Tier 2 Subordinated Loan (ISIN XS2019977557) will come postponed. The announcement comes, reads a note, “in the light of the Company’s capital position and in line with current legislation”. The deadline was February 21, 2023.
Eurovita, owned by British private equity firm Cinven, was placed in extraordinary administration by IVASS (Insurance Supervisory Institute).
IVASS itself, in the presence of a growing flow of early redemptions, had communicated in recent days that it had suspended (since 6 February) the faculty of the contracting parties to exercise the redemptions governed by insurance and capitalization contracts.
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