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AirUnion in coupon payment arrears

November 12, 2008
AirUnion failed to pay coupon payments on its debut bond issue yesterday. The issuer didn’t transfer RUR41.13m to Rosbank, the paying agent on the issue. The bank forwarded an inquiry to the issuer on this matter but got no reply so far.
Issue — AirUnion, 01
  • Status
    redemption default
  • Country of risk
    Russia
  • Redemption (put/call option)
    *** (***)
  • Amount
    1,500,000,000 RUB
  • М/S&P/F
    — / — / —
Company — AirUnion
  • Full name
    OOO AirUnion
  • Registration country
    Russia
  • Industry
    Transportation