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Oestjydsk Bank A/S Announces Bailout Process


Monday, 3 Jun 2013 10:34am EDT 

Oestjydsk Bank A/S announced that it does not fulfill the solvency requirements under the Danish Financial Business Act. At the moment, Oestjydsk Bank A/S collects money in a bailout process which will last approximately until the end of June 2013 / beginning of July 2013. As the result of the bailout process is uncertain at the moment, it is not clear whether Oestjydsk Bank A/S will be able to honor its obligations in relation to the underlying loan agreements of ScandiNotes III and IV. 

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