Monday, February 28, 2011

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Südfinanz Holding AG: Still no interest payment to bondholders

The company Südfinanz Holding AG announced in 2008 bonds with a maturity of up to 2015 and an interest rate of 9.00% pa out. Overall, the Notes amounting to 25 million euros, divided into 250 thousand shares with a nominal value of € 100.00 per emitted. Since the interest date November 2010, there was a prolonged delay in the payment of interest until now.

The Südfinanz Holding AG had issued in recent weeks several explanations for the delay in payment of interest. Most recently, she pointed out in a notice published on its website indicated that the payment of interest due on the 6th Calendar week, ie from a week 07.02. - 11/02/2011 occur, will.

"However, this is done according to our clients not to this day," says lawyer BSZ eV and trust lawyer Christian Luber, LL.M., MA, of a capital market law firm specializing CLLB lawyers numerous creditors of the Notes represents the Südfinanz Holding AG. "Our clients have lost their patience and therefore entitled to the confidence in the statements of Südfinanz."

The BSZ association investor protection law firm CLLB has lawyers then, after they denounced in recent weeks for numerous clients, the Notes and called on the Südfinanz Holding AG to repay the respective nominal amounts, had filed several complaints with the District Court of Munich. The alleged Claims relate to repayment of the principal amount plus 9% interest from 01 November 2010.

lawyer and legal counsel Luber BSZ Association advises the Holders of the Notes of Südfinanz Holding AG verify their claims of a specialized capital market law firm to leave.

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For more information, interested investors to join the BSZ ® registered association interest group Südfinanz Holding AG .

Source: © Gerd Altmann / PIXELIO http://www.pixelio.de/

BSZ ® federation for social and civil rights consciousness eV
Lagerstr. 49
64807 Phone: 06071-9816810

This text is the contribution from 28/02/2011 again. Possible future changes of the facts are not considered.

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