MOSCOW, May 4 (PRIME) -- Russia’s Far Eastern Shipping Company (FESCO) will not pay the coupon yield due on Wednesday on Eurobonds maturing in 2018 and 2020, the company said in a statement.
“This decision was made in the framework of a strategic analysis of the group’s capital structure announced earlier, due to the influence of the current weak macroeconomic figures of Russia and the exchange rate of the ruble on the operating activity, and due to the situation with liquidity in the company.”
FESCO will hold negotiations with all holders, it said.
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