The airline SAS is postponing interest payments on the company's hybrid bonds as part of the company's SAS Forward action program and the ongoing Chapter 11 process in the US.

SAS is postponing two interest payments of SEK 39.7 million and SEK 153.1 million, respectively, according to a press release.

”"The deferral of interest payments is made in accordance with the terms and conditions of each hybrid bond," the company writes.

The interest payment of SEK 39.7 million relates to a semi-annual payment due on October 24 on outstanding hybrid bonds of SEK 1.6 billion with perpetual maturity. The second amount relates to the semi-annual interest payment due on October 26 on outstanding subordinated hybrid bonds totaling SEK 6 billion.

Source: DI.SE