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.