Belousov spoke about the “concrete scheme” for solving the situation with “Rusnano”

by time news

The state will support the state corporation Rusnano, a specific scheme for solving the problem has been worked out, so there will be no default, First Deputy Prime Minister Andrei Belousov said in an interview with Forbes.

“Support will be provided. I can tell you that now an absolutely concrete scheme has been worked out for solving this problem with Rusnano’s debts. I don’t want to reveal details, but it exists. There will be no defaults, that’s exactly what I can say for sure, ”Belousov said.

According to him, the problem is that in the coming years Rusnano will “eat” itself, that is, it will withdraw from its assets and spend all the money on paying off debts. “The question arises: what next? Do we need an institution like Rusnano or not? ” – added Belousov. In his opinion, such a company is needed because Russia “catastrophically” lacks development institutions that would be focused on mature business.

On November 19, the Moscow Exchange suspended trading in Rusnano bonds at the request of the Central Bank. The regulator later reported that the Central Bank received information that Rusnano was discussing with a narrow circle of creditors possible scenarios for restructuring the state company’s debt. In order not to create conditions for insider trading on the exchange before the official publication of information about the negotiations, the Central Bank on November 19 decided to suspend trading in Rusnano bonds at the Moscow Exchange. Trading resumed on Monday 22 November.

On November 30, Finance Minister Anton Siluanov said that Rusnano is now in the process of rebooting and that after the new board of directors has been formed, the company is restructuring its operating principles. Siluanov assured that the obligations, which are secured by state guarantees, will be fulfilled. On the rest of the debts, negotiations are underway with creditors, he said: “I am sure that a compromise will be found that will suit all parties.” One way or another, the work of the company is under the control of the government, the minister stressed.

Before maturity, nine issues of Rusnano bonds with a total volume of 71.6 billion rubles were circulating on the stock exchange. Three issues with the state guarantee of the Ministry of Finance: two for 18 billion rubles. the par value is secured, another one, for 13.4 billion rubles, is fully secured. For five issues in December, Rusnano had to pay a coupon. Thus, state guarantees do not apply to the issue of bonds for a total amount of about 40.2 billion rubles.

On December 1, the National Settlement Depository reported that Rusnano had transferred money to repay the bond issue without a state guarantee in the amount of 4.5 billion rubles. The company has redeemed its bonds of the BO-002P-01 issue. Interfax reported with reference to the company that private investors were predominantly the holders of these bonds.

On December 23, Russian President Vladimir Putin said that the situation with Rusnano was “difficult.” He said that Sberbank got rid of a significant part of the loans from the state-owned company – it is likely that the bank’s management had insider information.

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