RosBusinessConsulting defaults on Series 5 commercial papers

RosBusinessConsulting didn’t pay principal and coupon on Series 5 commercial papers on July 9, the company enjoyed. The issue is worth RUR1.5bn. The coupon amounts to RUR 164.4m. The payments were not made due to the current unfavourable market conditions in Russia and lack of finances to meet the obligations.

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

• Full name
  RT Prof-Real
• Registration country
  Russia
• Industry
  Other sectors