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Sevkabel Finance fails to pay coupon on Series 03 bonds

March 31, 2010 | Cbonds

OOO Sevkabel Finance failed to pay a coupon on Series 03 bonds on March 30. The unpaid obligation amounts to RUR18.58m. The Arbitration Court of St Petersburg and Leningrad Region launched bankruptcy proceedings against the issuer. The company filed for bankruptcy in February 2010.

Issue: Sevkabel Finance, 03

StatusDefaultCountry of riskMaturity (option)AmountIssue ratings (M/S&P/F)
redemption defaultYesRussia03/27/20121,500,000,000 RUB-/-/-

Company: Sevkabel Finance

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

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