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Arkada defaults on Series 03 bonds

April 5, 2011 Cbonds
Agro-industrial company Arkada defaulted on Series 03 bonds on April 1. The issuer failed to pat coupon 8 and a principal installment, according to Promsvyazbank.
Issue — APC Arkada, 03
  • Status
    redemption default
  • Country of risk
    Russia
  • Redemption (put/call option)
    *** (***)
  • Amount
    1,200,000,000 RUB
  • М/S&P/F
    — / — / —
Company — APC Arkada
  • Full name
    Agroindustrial company Arkada
  • Registration country
    Russia
  • Industry
    Agriculture