Contact us (+ 7 (921) 446-25-10)
×
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!

Concorde Capital Research: Avandgardco restructures October coupon on Eurobonds

October 31, 2017 | Cbonds

Ukraine's largest egg producer Avangardco (AVGR LI, AVINPU) announced on October 30 that it won't be able to pay its October coupon. The company also requested to add October's coupon to its debt restructuring pool, along with the coupon that it did not pay in May 2017.

Andriy Perederey: As we expected, Avangardco issued a statement similar to its parent company Ukrlandfarming. Now the total amount of overdue coupons on Avangardco bonds has slightly exceeded USD 10 mln (the part that the company should pay in cash). The same amount was also allocated as payment in kind provision. So we are keeping our position that there is little value in AVINPU bonds.

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
×