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Russia’s Nota-Bank defaults on 1.24 bln rbl exchange bond put offer

MOSCOW, Oct 20 (PRIME) -- Russia’s Nota-Bank has defaulted on a buyback of 1.24 billion rubles of exchange bonds of the first series under an offer due to a 3-month moratorium on fulfillment of demands of creditors introduced by the central bank, Nota-Bank said in a statement Tuesday.

The bank placed the bonds in October 2013. On October 16, 2015, it announced a default on the payment of a 100.98 million ruble coupon.

Last week the central bank appointed a provisional administration to run Nota-Bank, Russia’s 78th by assets, for six months after it failed to fulfill creditors’ demands for seven days.

(61.4419 rubles – U.S. $1)

End

20.10.2015 12:24
 
 
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