SBB rejects purported and ineffective acceleration notice from a bondholder regarding Eurobonds issued under its EMTN programme
SBB Treasury Oyj and Samhällsbyggnadsbolaget i Norden AB (publ) (together “SBB”) has received a purported acceleration notice from one of the bondholders under the 2020 and 2021 EMTN programme[1] alleging that SBB is in breach of the EMTN consolidated covenant ratio and claim that their holdings of SBB's bonds are due payable. The disclosed holdings represent in total approximately EUR 46 million in nominal amount spread across both series of bonds which corresponds to approximately 1 percent of SBB’s total bond loans as of 30 June 2023. As previously stated in the press release on 31 May