Trading suspended on 45 tranches of bonds


Trading has been suspended on 45 tranches of bonds listed on the Bermuda Stock Exchange at the request of Centaur Group Finance Limited.

At the same time, it was announced that John Sutherland Hindess has resigned as a director in respect of Centaur Fixed Income Bond and Centaur Natural Resources Bond, the two groups of bonds affected by the trading suspensions.

The resignation of Mr Hindess was effective on October 30, according to a Bermuda Stock Exchange filings this afternoon by Centaur Group Finance Limited.

Trading in 14 tranches of Centaur Natural Resource Bond 3, which have due dates ranging from December 2020 to September 2023, have been suspended at the request of Centaur Group Finance Ltd.

In a statement filed with the Bermuda Stock Exchange, Centaur said: “Following a request from the issuer, the Bermuda Stock Exchange has suspended trading in Centaur Natural Resources Bond 3 bonds pending clarification on the fair value of the bonds. All coupon and redemption payments will be deferred and accrued for payment upon the lifting of the voluntary suspension. The issuer will keep bondholders updated and will advise as and when there is any change enabling the issuer to resume coupon and redemption payments.”

Trading of Centaur Fixed Income Bonds has also been suspended at the request of Centaur Group Finance Ltd. This suspension affects 31 tranches of bonds, which have due dates ranging from November 30 this year, to February 2026.

In a filing with the stock exchange, Centaur Group Finance Ltd said: “Following a request from the issuer, the Bermuda Stock Exchange has suspended trading in Centaur Fixed Income Bond bonds pending clarification on the fair value of the bonds.

“All coupon and redemption payments will be deferred and accrued for payment upon the lifting of the voluntary suspension. The issuer will keep bondholders updated and will advise as and when there is any change enabling the issuer to resume coupon and redemption payments.”

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Published Oct 31, 2019 at 6:33 pm (Updated Oct 31, 2019 at 6:34 pm)

Trading suspended on 45 tranches of bonds

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