NewsWhore
06-14-2012, 03:00 PM
Despite a note published last week announcing that the Corporacion Delta Intur (Deltur) had met the late payment of interests on corporate bonds placed with the Dominican Republic Stock Market (BVRD), updates say this has not happened yet, El Dia reports. Deltur has not been able to pay the RD$7 million due for interest on the RD$700 million placed in corporate bonds. Most of the affected are Dominican investors.
A meeting was held yesterday at the Superintendence of Stocks with the mediation of two officers, representatives of the investors and Delta Intur general director Julio Vega. There was talk the investors would not cash in the bonds at expiration if the company could continue making the interest payments. The company has said it does not have the cash to meet its commitments.
More... (http://www.dr1.com/index.html#7)
A meeting was held yesterday at the Superintendence of Stocks with the mediation of two officers, representatives of the investors and Delta Intur general director Julio Vega. There was talk the investors would not cash in the bonds at expiration if the company could continue making the interest payments. The company has said it does not have the cash to meet its commitments.
More... (http://www.dr1.com/index.html#7)