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Aryzta will defer March 28 interest payment on perpetual securities
By Angela McDaniels
Tacoma, Wash., Feb. 21 – Aryzta AG subsidiary Aryzta Euro Finance DAC will defer the interest due March 28 on its €250 million of perpetual callable subordinated securities, according to a company announcement.
The company said the interest will not be due and payable, or be paid, until the relevant payment reference date and for so long as it remains unpaid will constitute a deferred interest payment.
March 28 is the first call date for the securities. The company has decided not to exercise its call option on this date.
Aryzta, a specialty bakery business based in Zurich, also deferred the interest due March 28, 2018 on the securities.
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