Alliance Russian Textile fails to redeem Series 03 bonds

OAO Alliance Russian Textile defaulted on Series 03 bonds on October 20, according to the issuer’s statement. The issuer didn’t pay the principal and interest on the issue, namely the 8th coupon worth RUR72.3 per bond. The payments were not made due to the fact that the issued was declared bankrupt by a ruling of the Moscow Arbitration Court as of June 2, 2009.

• Status
  redemption default
• Country of risk
  Russia
• Redemption (put/call option)
  *** (***)
• Amount
  1,200,000,000 RUB
• М/S&P/F
  — / — / —

• Full name
  Alliance Russian Textile
• Registration country
  Russia
• Industry
  Light industry