Amurmetal didn’t pay a coupon on Series 07 bonds on December 31. The missed payment amounted to RUR 272.22m, or RUR45.37 per bond. The coupon rate was set at 18%.
On December 22, 2009 the Arbitration Court of Khabarovsk region registered an amicable settlement on a case of OAO Amurmetal’s bankruptcy as of 21.12.2009 and the case was closed. The company’s overall debt level reached RUR 18.67bn based on claims of 507 creditors, RUR10.712 bn thereof lent by Sberbank , Gazprombank, VTB, Erste Bank and Commerzbank.