MairInvest fails to pay coupon and principal on Series 03 bonds

MairInvest has failed to pay a coupon and principal on Series 03 bonds, according to VTB ABnk, the arranger of the issue. The payments were due April 1. The coupon payment amounts to RUR55.6m which corresponds to the 11.15% coupon rate or RUR 27.8 per bond. The issuer was also obliged to repay the principal in the amount of RUR2bn.

• Status
  redemption default
• Country of risk
  Russia
• Redemption (put/call option)
  *** (***)
• Amount
  2,000,000,000 RUB
• М/S&P/F
  — / — / —

• Full name
  MairInvest
• Registration country
  Russia
• Industry
  Ferrous metals