Scandinavian Airlines (SAS) announced on April 13 that it will defer interest payments due April 24 and 26 on its perpetual capital securities, as part of the Company’s SAS FORWARD plan and voluntary chapter 11 process in the US. “The deferral of interest payment is made in accordance with the terms and conditions for the respective capital securities”, SAS said in a statement. The announcement “means that SAS defers the approximately SEK 56.3 million (US$ 5.5 million) semi-annual interest payment due April 24, 2023 on its outstanding SEK 1,615 million perpetual capital securities with ISIN SE0014957999” and does likewise with “the approximately

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