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MG Group defaults on Series 04 bonds

September 18, 2012 | Cbonds

MG Group has missed a payment on Series 04 bonds, the company reported. The issue has state registration number 4-04-36074-R dated 20 August 2009. The issuer did not pay coupon 12 and 75.8% of the principal. The overdue payment totals RUB 1,422.864m, including RUB 58.464 m worth of coupon. The payment was due 17 September 2012.

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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