Nordgold says fails to pay coupon on $400 mln 2024 Eurobonds

MOSCOW, Apr 12 (PRIME) -- Gold producer Nordgold, controlled by Russian tycoon Alexei Mordashov, has failed to pay a U.S. $8.25 million coupon on a $400 million 2024 Eurobond, the company said in a statement on Tuesday.

"The non-payment was due to technical reasons on the side of the issuer and its guarantors in the process of payment to the main payment agent," the company said.

Nordgold has the necessary resources to fulfill all of its liabilities, the statement read.

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