Saturday, November 15, 2025
Ad hoc announcement from German Education Study Fund II GmbH & Co. KG:
4%-Anleyhe 16/26, ISIN: DE000A2AVM5 | WKN: A2AVM
4% bond 17/27, ISIN: DE000A2E4PH3 | WKN: A2E4PH
Invitation of the creditors of the bonds 2016/2026 and 2017/2027 to vote without a meeting on the extension of the term, the repayment plan and the adjustment of the interest structure
The general partner of the German Education Studies Fund II GmbH & Co. KG (“Issuer“) has decided today, with the approval of the shareholders’ meeting, to inform the creditors of the 4% bonds 2016/2026 (ISIN: DE000A2AVM5 | WKN: A2AVM) and 2017/2027 (ISIN: DE000A2E4PH3 | (WKN: A2E4PH) with a total volume of EUR 28 million to a vote without a meeting in Period from December 3rd to 10th, 2025 to invite.
The subjects of the resolution will essentially be the following:
- – Extension of the term of both bonds until December 17, 2037;
- – A repayment plan covering both bonds with gradual repayment from 2028 to 2037;
- – End of the current interest payment retroactively to the end of the last interest period;
- – Introduction of a conditional final interest rate of up to 4% pa for the extension period, which will only be paid to the extent that the issuer can finance it from available liquidity in December 2037 – after deducting any liquidity buffer remaining with the issuer.
The largest bondholders have agreed in preliminary discussions to support this solution. On this basis, the issuer expects to be able to service its remaining liabilities as part of its restructuring concept, to begin repaying the two bonds as planned from December 2028 and to repay them in full by the end of 2037 at the latest.
The two requests to vote with the proposed resolutions and information on the background will be published on November 18, 2025 on the issuer’s website in the Federal Gazette.
German Education Study Fund II GmbH & Co. KG
Cover photo: pixabay.com
Source: Deutsche Bildungs Studienfonds II GmbH & Co. KG: Invitation of the creditors of the bonds 2016/2026 and 2017/2027 to vote without a meeting
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German Education Study Fund II GmbH & Co. KG 2017/27
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