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RosBusinessConsulting defaults on commercial paper issue

March 25, 2009 | Cbonds

OAO RBC Information Systems has defaulted on a commercial paper issue failing to pay a coupon and principal on Series 04 commercial papers. The coupon amounts to RUR183.24m.

The issuer notified the National Depository Centre that is not going to make the payments due to unfavourable market conditions. RBC is now in talks with lenders on debt restructuring.

Series 04 commercial papers worth RUR1.5bn were placed in March 2008. The issue was arranged by Alfa Bank.

Issue: RT Prof-Real, BO-04

StatusDefaultCountry of riskMaturity (option)AmountIssue ratings (M/S&P/F)
redemption defaultYesRussia03/24/20091,500,000,000 RUB-/-/-

Company: RT Prof-Real

Full company nameRT Prof-Real
Country of riskRussia
Country of registrationRussia
IndustryOther sectors

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