March 16, 2020 / 6:05 AM / 13 days ago

BRIEF-French group SoLocal to suspend bond coupon payment as coronavirus impact bites

March 16 (Reuters) - Solocal Group SA:

* SOLOCAL: EXPECTS A POTENTIALLY SIGNIFICANT DECREASE IN ORDER INTAKE IN THE UPCOMING WEEKS CAUSED BY THE GENERAL ECONOMIC DOWNTURN.

* SOLOCAL: IMPLEMENTING A PREVENTIVE ACTION PLAN AND PROTECTIVE MEASURES IN LIGHT OF CORONAVIRUS IMPACT

* SOLOCAL: HAS DECIDED TO SUSPEND THE QUARTERLY COUPON PAYMENT RELATED TO THE BOND MATURING MARCH 2022

* SOLOCAL: WILL APPROACH ITS BONDHOLDERS IN ORDER TO NEGOTIATE A DEFERMENT OF PAYMENT Further company coverage: (Reporting by Sudip Kar-Gupta)

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