NOK defaults on Series 03 bonds

Novosibirsk Integrated Tin Works has failed to pay a coupon on Series 03 bonds, the issuer reported. The issue has state registration number 4-03-11081-F dated 25.06.2009. The issuer didn’t pay coupon 5 in the amount of RUR 13,313,438.68 or RUR62.33 per bond due February 28. The coupon rate was set at 12.5%. The issuer is undergoing a bankruptcy procedure in line with the ruling of the Arbitration Court of the Novosibirsk region as of 21.07.2011, case # А45-11177/2010.

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

• Full name
  Novosibirsk Integrated Tin Works
• Registration country
  Russia
• Industry
  Non-ferrous metals