Russia’s Reserve Trust Co defaults in 686 mln bond coupon
MOSCOW, Jan 19 (PRIME) -- Russia’s Reserve Trust Company has defaulted on a 685.9 million ruble coupon of its bonds of the third series due to the lack of money, the company said in a statement Tuesday.
The coupon was set at 14% annually. The company placed the 15-year bonds totaling 5 billion rubles in early 2012.
Currently, the company has two more issues with a combined nominal value of 30 billion rubles in circulation.
(78.6678 rubles – U.S. $1)
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19.01.2016 16:46