OR Group, formerly known as Obuv Rossii, was unable to fulfill its obligations for the early redemption of series 001P-01 bonds at the request of their owners, RBC writes, citing a company message.
OR Group indicated that the amount of outstanding obligations amounted to ₽399,091 million. The reason for non-fulfillment of obligations was "lack of funds in the issuer's current account in the amount necessary to fulfill obligations."
Earlier, OR Group announced on its website that it was announcing technical default on the 28th coupon of bonds series 001P-02. The technical default was allowed in connection with the failure to fulfill obligations to pay coupon income in the amount of ₽9,71 million.