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MG Group defaults on Series 04 bonds

June 18, 2012 | Cbonds

MG Group has defaulted on Series 04 bonds. The issuer did not pay RUB60.156m worth of coupon or RUB33.42 per bond and 2.2% of the principal worth RUB22 per bond. The missed payment totalled RUB99.756m. The payment was not made 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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