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Razguliay-Finance defaults on Series 02 bonds
18:57
Razguliay-Finance has defaulted on Series 02 bonds failing to buy back RUR256,966,569.04 in bonds, according to the company’s announcement. The issue worth RUR2bn was placed on October 3, 2006.
On April the company bought back 6,825 Series 03 bonds in the framework of debt restructuring.
The issuer currently has an unsettled liability regarding buyback of 1,331,756 bonds in the framework of a put option.
