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Sevkabel Finance defaults on coupon on Series 04 bonds

June 01, 2009 | Cbonds

OOO Sevkabel Finance has defaulted on a coupon on Series 04 bonds, according to the issuer’s announcement. The company failed to pay the 4th coupon on may 26. The missed payment amounted to RUR 66.38m, or RUR 34.28 per bond. The obligation was not met due to lack of liquidity.

Issue: Sevkabel Finance, 04

StatusDefaultCountry of riskMaturity (option)AmountIssue ratings (M/S&P/F)
redemption defaultYesRussia05/21/20132,000,000,000 RUB-/-/-

Company: Sevkabel Finance

Full company nameSevkabel Finance
Country of riskRussia
Country of registrationRussia
IndustryOther sectors

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