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MG Group fails to pay coupon on Series 03 bonds

December 23, 2010 | Cbonds

MG Group has failed to pay a coupon and a 2.2% principal installment on Series 03 bonds, the issuer said in a statement. The missed payment amounts to RUR100.944 including RUR61.344m in accrued interest. The payment was due December 17, 2010. It was not made due to lack of liquidity.

Issue: MG Group, 03

StatusDefaultCountry of riskMaturity (option)AmountIssue ratings (M/S&P/F)
redemption defaultYesRussia05/17/20111,800,000,000 RUB-/-/-

Company: MG Group

Full company name"MG Group" LLC
Country of riskRussia
Country of registrationRussia
IndustryConstruction and development

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