PRESS RELEASE
from GECCI Investment KG
GECCI Investment KG: Interest on the GECCI 2020/25 bond will be paid within the healing period
DGAP-Media / 02.08.2022 / 10:30
Bockenem, August 02, 2022 – The GECCI Group informs that the
Interest originally due on August 1 for bond 2020/25 (ISIN DE000 A3E46C 5),
Maturity five years, coupon 5.75%, delayed, but within the so-called
healing period of 30 days.
The reason for the delay is technical problems in connection with the
Optimization of cash flows. The group expressly states that
could pay the interest due at any time and also on time, albeit
will do late.
The business model of GECCI is heavily dependent on pre-financing, i.e. for the sale of the
Single-family houses via GECCI Rent and Buy (mietübereignung.de) go into GECCI
Advance payment for the various building materials as well as for all other construction
Services. The preliminary work for the multi-house project in Bockenem-Bültum
already done, meanwhile the completion stands at a distance of one to two months
one of the single-family houses.
Further information at www.gecci.net and www.gecci-investment.de
Interest originally due on August 1 for bond 2020/25 (ISIN DE000 A3E46C 5),
Maturity five years, coupon 5.75%, delayed, but within the so-called
healing period of 30 days.
The reason for the delay is technical problems in connection with the
Optimization of cash flows. The group expressly states that
could pay the interest due at any time and also on time, albeit
will do late.
The business model of GECCI is heavily dependent on pre-financing, i.e. for the sale of the
Single-family houses via GECCI Rent and Buy (mietübereignung.de) go into GECCI
Advance payment for the various building materials as well as for all other construction
Services. The preliminary work for the multi-house project in Bockenem-Bültum
already done, meanwhile the completion stands at a distance of one to two months
one of the single-family houses.
Further information at www.gecci.net and www.gecci-investment.de
End of Media Release
Issuer: GECCI Investment KG
Key word(s): Finance
02.08.2022 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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| Language: | English |
| Company: | GECCI Investment KG |
| Marktstr. 23 | |
| 31188 Holle | |
| Germany | |
| Phone: | +49 (0)5062 898 9100 |
| Fax: | +49 (0)5062 898 9109 |
| E-mail: | kontakt@gecci-investment.de |
| Internet: | www.gecci-investment.de |
| ISIN: | DE000A3E46C5, DE000A289QS7 |
| WKN: | A3E46C, A289QS |
| Listed: | Regulated Unofficial Market in Dusseldorf, Frankfurt, Hamburg, Munich, Stuttgart |
| EQS News ID: | 1411267 |
| End of News | DGAP Media |
1411267 02.08.2022