AirUnion defaults on coupon payment

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.

• Status
  redemption default
• Country of risk
  Russia
• Redemption (put/call option)
  *** (***)
• Amount
  1,500,000,000 RUB
• М/S&P/F
  — / — / —

• Full name
  OOO AirUnion
• Registration country
  Russia
• Industry
  Transportation