| • Issuer, issue number: |
Nizhne Lenskoe Invest, 3 |
|
| • Type of bond:
|
Domestic bonds |
| • Redemption type: | Amortized |
| • Issue status: | outstanding |
| • Offering: | public |
| • Par, currency of issue: | RUR, 1000 |
| • Amount: | 1 000 000 000 |
| • Registration date: | Oct 11 2007 |
| • State registration number: | 4-03-36090-R |
| • ISIN: | RU000A0JPWJ8 |
| • Start of placement: | Jul 22 2008 |
| • End of placement: | Jul 22 2008 |
| • Issue price: | 100 |
| • Coupon: | Coupons 1-3 - 14%, coupons 4-6 - 14%; coupons 7-10 are set by the issuer. |
| • Coupon frequency: | 2 time(s) per year |
| • Settlement Date: | Jul 22 2008 |
| • Maturity date: | Jul 16 2013 |
| • Early redemption terms: | the 5th workday from coupon payment for coupons 3 and 6 at par. Additional put option: buyback schedule: 20.07.2010 - 115,500 bonds, 18.01.2011 - 154,000 bonds, 18.03.2011 - 154,000 bonds, 19.07.2011 - 231,000 bonds. Bonds should be submitted for buyback 5 days prior to the buyback date.,
date: 26.01.10, price: 100;
date: 26.07.11, price: 100. |
| • Issue Managers: | Arranger: Nord-Capital |
| • Trading floor, listing category:
|
MICEX |
| • Guarantors: |  Nizhne-Lenskoye
|
| • Additional information: | Amortising bonds |
| • Investment banks:
|
Lead manager:
NORD-CAPITAL
Co-underwriter(s):
Veles Capital
Evrofinance Mosnarbank
Promsvyazbank
Electronika Bank
|
|
Debt Servicing |
| • Status: | Non-execution of put option |
| • Liability type: | Buyback option |
| • Planned date of meeting liabilities: | Jan 26 2010 |
| • Date of meeting liabilities due to technical default: | Feb 25 2010 |
| • Additional information: | The payment was not made due to lack of liquidity. |
|
| • Status: | Technical default |
| • Liability type: | Сoupon |
| • Planned date of meeting liabilities: | Jan 19 2010 |
| • Date of meeting liabilities due to technical default: | Jan 26 2010 |
| • Actual date of meeting liabilities: | Jan 22 2010 |
| • Additional information: | Amount of unfulfilled obligation: RUR 53,753,700. The coupon was not paid due to lack of liquidity. |
|
|
Restructuring of debt |
| • Date of restructuring: | Feb 10 2010 |
| • Additional information: | The issuer has decided to restructure Series 03 bonds submitted for buyback in the framework of a put option due January 26, 2010. The company offers the following debt restructuring scheme:
February-March 2010: repurchasing 15% of bonds submitted for buyback;
July 2010: repurchasing 15% of bonds submitted for buyback;
January 2011: repurchasing 20% of bonds submitted for buyback;
March 2011: repurchasing 20% of bonds submitted for buyback;
July 2011: repurchasing 30% of bonds submitted for buyback.
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