AirUnion defaults on coupon payment
February 11, 2009
OOO AirUnion defaulted on a coupon payment yesterday. The issuer didn’t manage to pay RUR 41.13m worth of interest on debut bonds, as confirmed by Rosbank, the paying agent on the issue. AirUnion filed for bankruptcy in late November. It also defaulted on a RUR 41.13m coupon payment on its debut bond issue on November 18. The debut issue worth RUR1.5bn was placed in November 2005 with Krasnoyarsk Airlines as the guarantor. |
Issue — AirUnion, 01
-
Statusredemption default
-
Country of riskRussia
-
Redemption (put/call option)
*** (*** ) -
Amount1,500,000,000 RUB
-
М/S&P/F— / — / —
Company — AirUnion

-
Full nameOOO AirUnion
-
Registration countryRussia
-
IndustryTransportation
Share