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Sevkabel-Finance defaults on Series 04 bonds

November 25, 2010 | Cbonds

OOO Sevkabel-Finance has failed to meet an obligation on Series 04 bonds. The issuer didn’t pay accrued interest for coupon period 10, the issuer said in a statement. The payment amounting to RUR8.23m was not made due to lack of liquidity. The Arbitration Court for St. Petersburg and Leningrad Region declared OOO Sevkabel-Finance bankrupt on September 15.

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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