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MG Group defaults on Series 04 bonds

December 19, 2011 | Cbonds

OOO MG Group defaulted on Series 04 bonds on December 17, the issuer said in a statement. The issuer did not pay a coupon worth RUR102.456m and a 2.2% principal installment worth RUR62.856m. The issue has state registration number 4-04-36074-R dated August 20, 2009. The obligations were not met due to lack of liquidity.

Issue: MG Group, 04

StatusDefaultCountry of riskMaturity (option)AmountIssue ratings (M/S&P/F)
redemption defaultYesRussia09/17/20121,800,000,000 RUB-/-/-

Company: MG Group

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


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