Incom Lada defaults on coupon payment
March 16, 2009
OOO Incom Lada has failed to pay the 7th coupon on Series 03 bonds. As reported by issue arranger FC Uralsib, the funds in the amount of RUR 54.84m were not transferred the paying agent’s account.
Participants of OOO Incom Lada upheld a decision to liquidate the company, making an announcement about it in State Registration Bulletin #1 issued on 15.01.2009.
The issuer also defaulted on a put option on Series 02 bonds on February 13. The company also failed to pay the 6th coupon on Series 03 bonds in December 2008.
Issue — Incom Lada, 03
Country of riskRussia
Redemption (put/call option)
М/S&P/F— / — / —
Company — Incom Lada
Full nameIncom Lada LLC