Rusnano redeemed bonds without state guarantees

by time news

Rusnano paid the coupon yield and redeemed the bonds of the BO-002R-01 series in full. The total payment for the issue was RUB 5.5 billion. as of December 1, taking into account the payment of coupons in the amount of 9.1% per annum.

The holders of these bonds are mainly private investors and individuals. This bond issue was not backed by government guarantees from the Ministry of Finance.

Rusnano continues to discuss with creditor banks and other interested parties possible solutions to increase the company’s financial stability and maintain a sufficient level of liquidity to meet its obligations. They are planned to be reached by the end of 2021.

From 19 to 22 November, trades in the Rusnano bonds were suspended at the request of the Central Bank. Then Rusnano admitted that it was on the verge of default. The Ministry of Finance has promised that the debt obligations of Rusnano, secured by state guarantees, will be fulfilled. Fitch has placed the long-term issuer default ratings on a downgrade list.

Read more about the situation in the publication of “Kommersant” “This is not nano to the market.”

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