bond interest — Aegean Airlines has announced key details regarding the interest payment for its Common Bond Loan, specifically noting that January 2, 2026, will be the record date for beneficiaries of the first interest period. This announcement clarifies the payment and trading information for bondholders in Greece.
Bond interest: Record Date and Its Implications
The record date of January 2, 2026, serves as a critical benchmark, determining which investors will be eligible to receive interest payments for the first interest-bearing period of the bond loan that was issued on July 4, 2025. Investors keen to benefit from this interest payment must ensure they hold the bonds before this date.
Ex-Coupon Date and Trading Conditions
Aegean Airlines has specified that from December 31, 2025, the company’s bonds will trade on the regulated market of the Athens Stock Exchange without the right to receive the first interest payment. This means that investors purchasing the bonds after this date will not be entitled to the upcoming interest.
Interest Payment Details
The gross amount of interest due for the first interest period totals €4,753,472.22, which corresponds to €19.01388889 per bond. This figure is based on an annual interest rate of 3.70 per cent before tax, calculated using a 360-day year and the actual number of days, applying the ACT/360 convention.
Bond Quantity and Payment Procedure
Aegean Airlines has indicated that the calculation pertains to 250,000 bonds currently admitted to trading on the organised market of the Athens Stock Exchange. The payment of interest due to bondholders is scheduled to take place through the Hellenic Central Securities Depository on January 5, 2026.
Payment Channels and Special Cases
Payments will be conducted through participants that maintain securities accounts for beneficiaries within the Dematerialised Securities System, including banks and investment firms. This process will adhere to the operational rules of the depository.
In special circumstances, such as payments to heirs of deceased beneficiaries whose securities are held in designated accounts managed by the depository, payments will be carried out within one year from the interest payment date, contingent upon the completion of legal documentation.
For securities held with investment firms that are in liquidation or in temporary transfer accounts, initial payments will also be made through the depository within the same one-year timeframe. After this period, payments will be processed through a cash deposit with the Hellenic Deposits and Loans Fund.
Expiry of Interest Collection Rights
Aegean Airlines has highlighted that under applicable legislation, the right to collect interest expires five years after the end of the year in which the claim arose. Consequently, any uncollected amounts after this limitation period will be definitively transferred to the Greek state.
Implications for Investors
This announcement from Aegean Airlines is significant for current and potential bondholders, as it outlines the necessary steps to ensure they receive their due interest payments. Investors should remain aware of the key dates and conditions surrounding the bond interest payments to avoid missing out on their entitlements.
As Aegean Airlines continues to navigate the complexities of the financial markets, clear communication regarding financial obligations is essential. This transparency is likely to bolster investor confidence and ensure smoother transactions in the future.
