Compliance with terms and conditions of the Bonds. The Bonds that the Group has issued have made the Group subject to a number of covenants dictating what actions the Group may and may not take. Should the Group breach these covenants, it may trigger increased amortsation (or even full repayment) and up-streaming restrictions which may adversely affect e.g. the possibility to upstream the funds required for servicing the payments required under the Bonds. Further, additional financing costs may incur and the Bonds may be accelerated, which could result in bankruptcy and liquidation of the Group. Such events would negatively affect the Group’s financial condition, operations and earnings.
