• Payment to holders of Subordinated Financial Contributions (SFC) will be made on 31 January and to holders of Subordinated Bonds on 1 February

  • Investors who acquired SFC in 2002 have received interest amounting to 90% of the amount of their investment or 99% if they accepted the swap for Subordinated Bonds

  • Interest for this year is established at 6.368% for the SFC issues carried out between 2002 and 2004 as well as Subordinated Bonds and 5.868% for the SFC issue of 2007

EROSKI will pay on Tuesday, 31 January, the annual interest corresponding to Subordinated Financial Contributions (SFC), with a return rate of 2.541% for the issues of 2002 and 2004 and 2.041% for the issue of 2007. Moreover, on 1 February, EROSKI will pay the annual interest corresponding to Subordinated Bonds, with a return rate of 2.541%. Altogether, the interest paid by EROSKI to the holders of their investment securities will amount to 11.7 million Euros.

Since EROSKI launched their first SFC issue in 2002, the cooperative has duly fulfilled their commitment to pay annual interest and has already paid a total of 423 million Euros to investors. The return of SFC and Subordinated Bonds, which is not conditional upon the economic performance of the cooperative, is tied to Euribor plus a spread of 3 points for the SFC issues carried out between 2002 and 2004 as well as Subordinated Bonds and a spread of 2.5% for the SFC issue of 2007.

If we include this payment, those investors who acquired SFC in 2002 have already received interest amounting to 90% of their initial investment or 99% if they accepted the swap for Subordinated Bonds with maturity carried out a year ago. Investors with SFC since 2004 have already been paid interest amounting to 77% or 86% if they accepted the swap, whereas those of 2007 have received 52% of the value of their investment or 61% if they accepted the swap.

For the year 2023, the interest has been established at a rate of 6.368% (3.368% + a spread of 3%) for the SFC issues carried out between 2002 and 2004 as well as Subordinated Bonds, and 5.868% (3.368% + a spread of 2.5%) for the SFC issue of 2007, which will be paid next year.

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