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Omnia Bonds II still can’t make interest payments on 7¼%, 6½% notes
By Caroline Salls
Pittsburgh, Aug. 30 – Omnia Bonds II plc announced Friday that it did not make an interest payment due on its 7¼% five-year notes on May 31 or a payment due May 3 on its 6½% five-year notes because of non-payment of amounts due to the company by Omnia Private Equity AG.
According to a news release, Omnia Private Equity’s failure to pay the amounts due resulted in inadequate funds to pay the noteholders.
Omnia Bonds II said the notes trustee has been informed and will schedule a meeting to seek further instructions from noteholders.
As previously reported, Omnia Private Equity was expected to pay the amounts it owned by Aug. 30. However, Friday’s announcement said that did not happen as expected.
The issuer is a London-based investment holding company.
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