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
|Status||Default||Country of risk||Maturity (option)||Amount||Issue ratings (M/S&P/F)|
|redemption default||Yes||Russia||03/24/2009||1,500,000,000 RUB||-/-/-|
Company: RT Prof-Real
|Full company name||RT Prof-Real|
|Country of risk||Russia|
|Country of registration||Russia|