Public disclosure of inside information according to article 17 MAR
Novus Capital plc: Credit Event Notice and Notice of Publicly Available Information
Series 2023-60
Dublin 4 (pta029/16.01.2025/18:05 UTC+1)
16 January 2025
Novus Capital plc
(the "Issuer")
Series 2023-60 EUR 5,000,000 Leveraged Credit Linked Notes (linked to iTraxx® Europe Crossover Series 39 (Version 1)) due July 2028 ISIN: XS2613506968
(the "Notes")
Credit Event Notice and Notice of Publicly Available Information
Notice is hereby given that the Issuer has received a Credit Event Notice and Notice of Publicly Available Information in relation to INTRUM AB from Nomura International plc, the Counterparty in respect of the Credit Derivative Transaction relating to the Notes. An extract of the notice received from Nomura International plc is set out in the schedule below. The Publicly Available Information referenced therein is available at https://www.marketscreener.com/quote/stock/INTRUM-AB-41094252/news/Intrum-initiates-court-supervised-process-in-the-U-S-to-implement-its-Recapitalisation-Transactio-48382016/
The Directors
Novus Capital plc
SCHEDULE
Credit Event Notice and Notice of Publicly Available Information in relation to INTRUM AB from Nomura International plc
Novus Capital plc (the "Issuer")
CC:
HSBC Corporate Trustee Company (UK) Limited (the "Note Trustee" and "Security Trustee")
HSBC Bank plc (the "Paying Agent")
10 January 2025
Dear Sirs,
Credit Event Notice and Notice of Publicly Available Information
Novus Capital plc Series 2023-60 EUR 5,000,000 Leveraged Credit Linked Notes (linked to iTraxx® Europe Crossover Series 39 (Version 1)) due July 2028 (XS2613506968) (the "Notes")
Credit Derivative Transaction Details: Trade Date: 12 April 2023, Effective Date: 28 April 2023.
We refer to the Credit Derivative Transaction described above (the "Transaction") between Novus Capital plc and Nomura International plc in relation to the Notes. Capitalised terms used and not otherwise defined in this letter shall have the meaning given to them in the Confirmation for the Transaction, as amended from time to time.
This letter is our Credit Event Notice to you, delivered by us as Calculation Agent, in respect of the Notes that a Bankruptcy Credit Event has occurred with respect to INTRUM AB (a Reference Entity under the terms and conditions of the Notes) as a result of an announcement by the Reference Entity on 15 November 2024 that the Reference Entity has filed a voluntary petition for reorganisation pursuant to Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. On or about 19 November 2024, the ISDA Credit Derivatives Determination Committee determined that a Credit Event occurred with respect to INTRUM AB. Further information can be obtained from: https://www.cdsdeterminationscommittees.org/cds/intrum-ab/
The Event Determination Date in relation to the Credit Event is 18 November 2024.
This letter also comprises our Notice(s) of Publicly Available Information with respect to this Credit Event. Accordingly, we provide the Publicly Available Information attached hereto.
Nothing in this letter shall be construed as a waiver of any rights we may have with respect to the Transaction.
Yours faithfully,
Nomura International plc
Annex
Outstanding Nominal Amount of the Notes as at the date of this notice:
Reference Entity (Credit Event occurred) | Reference Entity Weighting | Loss Percentage |
CASINO GUICHARDPERRACHON | 1.334% | 1.334% |
Intrum AB | 1.333% | 1.333% |
Aggregate Losses | 5.334% |
Aggregate Losses / Tranche Width | 5.334% |
Outstanding Nominal Amount (%) | 94.666% |
Calculation Amount | EUR 100,000.00 |
Outstanding Nominal Amount (per Note) | EUR 94,666.00 |
Outstanding Nominal Amount (in aggregate) | EUR 4,733,300.00 |
(end)
Emitter: |
Novus Capital plc 1-2 Victoria Buildings, Haddington Road D04 XN32 Dublin 4 Ireland |
|
---|---|---|
Contact Person: | The Directors | |
Phone: | +353 1 668 6152 | |
E-Mail: | Novus@intertrustgroup.com | |
ISIN(s): | XS2613506968 (Bond) | |
Stock Exchange(s): | Vienna Stock Exchange (Vienna MTF) |