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DIXIS Trading defaults on Series 01 bond issue

July 21, 2009 | Cbonds

DIXIS Trading is in a technical default regarding a coupon and redemption of Series 01 bonds. The issuer didn’t pay RUR1.8bn worth of principal and about RUR93m worth of the 6th coupon payment, according to RBC citing Elena Voitsekhovskaya, CFO of Dixis Group. The payments were not made as the company has had no business activities for half a year, and the company’s accounts were frozen in November 2008. In January 2009 the company didn’t pay the 5th coupon on the issue (RUR 113,418,000).

Issue: DIXIS Trading, 01

StatusDefaultCountry of riskMaturity (option)AmountIssue ratings (M/S&P/F)
redemption defaultYesRussia07/20/20091,800,000,000 RUB-/-/-

Company: DIXIS Trading

Full company nameDIXIS Trading
Country of riskRussia
Country of registrationRussia
IndustryTrade and retail


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