OR Group announced a technical default on the payment of coupons in the amount of more than 6 million rubles
12.04.2022 2174

OR Group announced a technical default on the payment of coupons in the amount of more than 6 million rubles

OR Group made a technical default in the payment of coupons on two bond issues for a total of 6 million rubles: on the payment of the 20th coupon of series 001Р-03 bonds in the amount of 4,725 million rubles, and on the payment of the 5th coupon of bonds of the 002Р-02 series for 1,366 million rubles - writes Interfax with reference to the company's message.

As the reason for non-fulfillment of obligations, “lack of funds in the issuer’s current account in the amount necessary to fulfill obligations” is indicated. The technical default expiration date for both issues is April 25, 2022.

Issue 001R-03 with a circulation period of 4 years in the amount of 500 million rubles was placed in August 2020 at a monthly coupon rate of 11,5% per annum to maturity. The loan provides for amortization starting from November 2023.

Four-year bonds series 002R-02 in the amount of 123,082 million rubles, the company completed the placement in March of this year. The monthly coupon rate is 13,5 per annum. Depreciation is provided starting from November 2024.

The company began experiencing problems with the fulfillment of obligations under bonds from the issue of bonds BO-07 (the main owner of Promsvyazbank). Following the default on the payment of the "body" of the debt of bonds BO-07, there followed a default on the payment of the depreciation part of bonds 001P-01, as well as a technical default on the early redemption of this issue and a technical default on the payment of coupons of bonds series 001-02.

Currently, there are 8 issues of bonds of OR LLC in circulation with a total volume of about 4,75 billion rubles.

 

OR Group made a technical default when paying coupons on two bond issues for a total of 6 million rubles: when paying the 20th coupon of bonds of series 001P-03 in the amount of 4,725 million rubles, and on paying…
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