×
Texting is available for authorized users.
Please register or log in at the website.
×
Your request for online training has been sent. Cbonds managers will be in touch with you shortly. Thank you!

OGO chooses agent for debt restructuring

March 02, 2009 | Cbonds

Agro-industrial company OGO has appointed KIT Finance the agent on restructuring debt obligations on Series 02 bonds. The issues had a technical default on February 25 failing to pay the 6th coupon worth RUR 54.54m. The obligations were not met due to temporary lack of liquidity, according to the issuer.

As reported by the Kommersant, on February 12 Moscow Arbitrage issued a ruling to arrest bank accounts of OGO following Alfa-Bank’s claim worth RUR1bn. Alfa-Bank’s claim was registered on February 6. The bank sued the issues for non-fulfillment of contract obligations, namely unpaid loan due December 30, 2008.

Issue: OGO AIC, 02

StatusDefaultCountry of riskMaturity (option)AmountIssue ratings (M/S&P/F)
redemption defaultYesRussia02/25/20091,200,000,000 RUB-/-/-

Company: OGO AIC

Full company nameOGO Agro-industrial company
Country of riskRussia
Country of registrationRussia
IndustryFood industry

Share:

Similar news:
minimizeexpand
Cbonds is a global fixed income data platform
  • Cbonds is a global data platform on bond market
  • Coverage: more than 170 countries and 250,000 domestic and international bonds
  • Various ways to get data: descriptive data and bond prices - website, xls add-in, mobile app
  • Analytical functionality: bond market screener, Watchlist, market maps and other tools
×