| Paper |
Amount |
Currency |
Debt restructuring agent |
Planned date of meeting liabilities |
Additional information |
 UMPO, 2 |
4 000 000 000 |
RUR |
|
16.11.2009 |
The issuer forwarded an offer to Series 02 bondholders regarding exchange of Series 02 bonds for Series 03 bonds. |
| Sevkabel Finance, 3 |
1 500 000 000 |
RUR |
 MDM Bank |
26.10.2009 |
Debt restructuring agent: MDM-Bank. |
| Creditprombank, 1-F |
350 000 000 |
UAH |
|
07.10.2009 |
|
| Promtractor Finance, 2 |
3 000 000 000 |
RUR |
Petrocommerce Bank |
06.10.2009 |
|
| Naftogaz, 2009 (LPN) |
500 000 000 |
USD |
|
October 2009 |
|
| MKH, 2 |
1 000 000 000 |
RUR |
Promsvyazbank |
26.08.2009 |
Promsvyazbank is appointed advisor and agent on debt restructuring. The issuer offered a preliminary debt restructuring plan:
26.10.2009 - 15% of the principal + RUR 222.3 m in accrued interest
27.09.2010 - 20% of the principal + RUR 200 m.
28.03.2011 - 20% of the principal + RUR 200 m.
26.09.2011 - 45% of the principal + RUR 450 m.
Total: RUR 1,072.3 m
|
| INPROM, 2 |
1 000 000 000 |
RUR |
National Bank Trust |
05.08.2009 |
Trust Bank is advisor on debt restructuring.
A debt restructuring plan compiled as of November 3 stipulates the following redemption scheme:
10% to be redeemed within 10 days after the out-of-court settlement comes into effect;
5% to be redeemed on day 364 after the out-of-court settlement comes into effect;
25% to be redeemed on day 728 after the out-of-court settlement comes into effect;
60% to be redeemed on day 1,092 after the out-of-court settlement comes into effect. |
| INPROM, 3 |
1 300 000 000 |
RUR |
National Bank Trust |
05.08.2009 |
Trust Bank is advisor on debt restructuring.
A debt restructuring plan compiled as of November 3 stipulates the following redemption scheme:
10% to be redeemed within 10 days after the out-of-court settlement comes into effect;
5% to be redeemed on day 364 after the out-of-court settlement comes into effect;
25% to be redeemed on day 728 after the out-of-court settlement comes into effect;
60% to be redeemed on day 1,092 after the out-of-court settlement comes into effect. |
| Mirax Group, 2 |
3 000 000 000 |
RUR |
|
August 2009 |
The issuer offers swapping Series 02 bonds for Series 03 and 04 bonds in the framework of debt restructuring. |
| Vester-Finance, 1 |
1 500 000 000 |
RUR |
|
August 2009 |
As of August 20 the issuer had RUR88m in outstanding bonds including RUR81.2m in bonds held by banks and RUR6.9m in bonds held by individual investors. The issuer has reached agreements with all banks holding the bonds with debt restructuring terms ranging between 6 to 12 months. |
| M-INDUSTRY, 2 |
1 500 000 000 |
RUR |
Planeta Capital |
24.07.2009 |
aditional buyback option: August 19, 2009 - 30% of bonds held by a bondholder; December 25, 2009 - 70% of bonds held by a bondholder at par
All obligations regarding the June 30, 2009 put option were terminated on July 24. |
| Promtractor Finance, 3 |
5 000 000 000 |
RUR |
Petrocommerce Bank |
24.07.2009 |
Buyback schedule
-31.07.2009 or 03.08.2009 - 1/10 of the submitted amount;
-27.01.2010 - 1/9 of the submitted amount;
-28.07.2010 - 1/8 of the submitted amount;
-28.10.2010 - 1/7 of the submitted amount;
-26.01.2011 - 1/6 of the submitted amount;
-26.04.2011 - 1/5 of the submitted amount. |
| DVTG-Finance, 2 |
5 000 000 000 |
RUR |
GR Management |
22.07.2009 |
Agent on restructuring: MDM-Bank
Extension of Series 01 and 02 bonds in full(worth RUR 3,813m outstanding) by swapping them for new bonds to be registered by June 2009. |
| Alfa-Bank Ukraine, 2009 (LPN) |
345 000 000 |
USD |
|
14.07.2009 |
|
| ХХІ CENTURY, 2014 (Restruct. LPN ex-2010) |
175 000 000 |
USD |
Renaissance Capital |
03.07.2009 |
Bondholders exercised a put option on April 28. The issuer offered 2 debt restructuring schemes.
July 3 XXI Century, announced the results of the restructuring of its 10% $175m 2010 notes with Renassiance Capital acting as the sole advisor. The deal involves an extension of the maturity date from May 2009 until 2014, a reduction of the cash coupon to 9% from 10% and the payment of a consent fee to note holders in shares.
|
| Alfa-Bank Ukraine, 2010 (LPN) |
450 000 000 |
USD |
HSBC Bank plc
UBS |
02.07.2009 |
Closed Joint-Stock Company "ALFA-BANK" announces that it has commenced an Exchange Offer and Consent Solicitation for any and all of the (i) US$345,000,000 9.75% Loan Participation Notes due 2009 issued by Emerging Markets Structured Products B.V. (the "2009 Notes"); (ii) US$450,000,000 9.25% Loan Participation Notes due 2010 issued by Ukraine Issuance plc (the "2010 Notes"); and (iii) US$250,000,000 12.00% Loan Participation Notes due 2011 issued by Ukraine Issuance plc , for US$ Denominated 13.00% Amortising Loan Participation Notes due 2012 to be issued by Ukraine Issuance plc under the Bank's US$2,000,000,000 Loan Participation Note Programme and cash, as further described below. |
| Alfa-Bank Ukraine, 2011 (LPN) |
250 000 000 |
USD |
HSBC Bank plc
UBS |
02.07.2009 |
Closed Joint-Stock Company "ALFA-BANK" announces that it has commenced an Exchange Offer and Consent Solicitation for any and all of the (i) US$345,000,000 9.75% Loan Participation Notes due 2009 issued by Emerging Markets Structured Products B.V. (the "2009 Notes"); (ii) US$450,000,000 9.25% Loan Participation Notes due 2010 issued by Ukraine Issuance plc (the "2010 Notes"); and (iii) US$250,000,000 12.00% Loan Participation Notes due 2011 issued by Ukraine Issuance plc , for US$ Denominated 13.00% Amortising Loan Participation Notes due 2012 to be issued by Ukraine Issuance plc under the Bank's US$2,000,000,000 Loan Participation Note Programme and cash, as further described below. |
| Nizhne Lenskoe Invest, 2 |
550 000 000 |
RUR |
Promsvyazbank
IFC Metropol |
01.07.2009 |
Restructuring schedule: August 2009 - 20% of par value; October 2009 - 27.25% of par value; November 2009 - 27.25% of par value; December 2009 – 25.5% of par value.
On August the issuer paid the first 20% installment in the amount of RUR 69,168,200 plus RUR 1.96m in accrued interest.
The overall mount of repaid principal is RUR 95,287,787.5, or 27.25% of restructured bonds. Interest payments amounted to RUR 4,876,275.56 |
| Furshet, 1-D |
150 000 000 |
UAH |
|
01.07.2009 |
|
| Bogdan Motors, 1-А |
130 000 000 |
UAH |
|
30.06.2009 |
10% of principal is redeemed in the framework of put option. Maturity is extended for one more year. |
| Podolye, 1-А |
100 000 000 |
UAH |
|
18.06.2009 |
75% of investors agreed with a debt restructuring plan. 20% of investors are in talks on debt restructuring. |
| Amstor, 1-B |
50 000 000 |
UAH |
|
11.06.2009 |
30% of the issue is repaid, the remaining part is swapped for Series E bonds due December 9, 2011. |
| Polyplast, 1 |
1 000 000 000 |
RUR |
|
11.06.2009 |
The issuer revoked a debt restructuring plan in June 2009. |
| Minplita-Finance, 1 |
500 000 000 |
RUR |
Bank Rossiya |
02.06.2009 |
Bank Rossiya is teh agent on debt restructuring
Debt restructuring:
29.07.2009 - 15% up to 75,000 bonds
31.07.2009 - 10% up to 50,000 bonds
07.12.2009- 15% up to 75,000 bonds
01.09.2010 - 10% up to 50,000 bonds
24.12.2010- 20% up to 100,000 bonds
22.04.2011 - 30% up to 150,000 bonds
On July 29, 2009 the issuer bought back 73,420 bonds; on July 31, 2009 the issuer bought back 48,948 bonds. |
| Kamskaya Dolina Finance, 3 |
500 000 000 |
RUR |
|
01.06.2009 |
Agent on debt restructuring: GRF Investment Company.
1) Debt restructuring presupposes swapping Series 03 bonds for new bonds to be placed among holders of Series 03 bonds.
2) When swapping bonds, bondholders will b epaid 10% of principal.
3) Details of a new issue: issuer - Kamsklaya Dolina-Finance, guarantor: OAO Kamsklaya Dolina. Maturity: 1.5 years. Quarterly coupons - 18%. Par value per bond: RUR900.
Quarterly amortisation:
5% - on the 1st coupon payment date
10% - on the 2nd coupon payment date
15% - on the 3rd coupon payment date
20% - on the 4th coupon payment date
20% - on the 5th coupon payment date
30% - on the 6th coupon payment date
|
| Globus-Leasing-Finance, 4 |
500 000 000 |
RUR |
|
June 2009 |
The company offered debt restructuring of Series 04 and 06 bond issues. Series 04 bonds can be swapped for Series 05 and 06 bonds bought back by the issuer and held by OOO Globus-Leasing-Finance and OOO Globus-Leasing. |
| Saturn, 2 |
2 000 000 000 |
RUR |
VTB |
June 2009 |
40% to be repaid on day 2 after an agreement with a bondholder is signed; 60% to be repaid on March 23, 2010 (put option date)
On June 29 through July 03 the issuer restructured 90% of bonds submitted for buyback on march 24, 2009. |
| EMAlliance-Finance, 1 |
2 000 000 000 |
RUR |
MDM Bank |
June 2009 |
The issuer fully completed debt restructuring as of September 1. MDM-Bank acted as agent on the transaction. |
| Globus-Leasing-Finance, 6 |
500 000 000 |
RUR |
|
June 2009 |
Bondholders of Series 06 bonds will be paid the 4th coupon in March 2010. In June 2011 the issuer plans to pay the principal on all Series 06 bonds. Coupons 5-6 are 18%. |
| Sevkabel Finance, 4 |
2 000 000 000 |
RUR |
MDM Bank |
27.05.2009 |
Sevkabel-Finance plans to offer bondholders a debt restructuring scheme.
Sevkabel Holding has dificulties regarding servicing the debt due to lack of cash flow generated by the company's business amid the crisis.
The issuer offers to reporchase bonds at 110% in 2011-2013.
The issuer will meet with bondholders on July 7, 2009. |
| Nikoshim-Invest, 2 |
1 500 000 000 |
RUR |
Veles Capital
FK URALSIB |
22.05.2009 |
Uralsib Capital and Veles Capital are agents on debt restructuring. The issuer bought back 698,892 Series 02 bonds worth RUR 698.892m in the framework of debt restructuring. As of September 21 the issuer settled obligations with 98% of bondholders. |
| KD Avia-Finansy, 1 |
1 000 000 000 |
RUR |
Bank Zenit |
21.05.2009 |
Zenit Bank is the agent on debt restructuring.
Debt restructuring was discussed by bondholders during a May 21, 2009 meeting. |
| Rapsod Trade (Gallery Group), 2013 |
175 000 000 |
USD |
JP Morgan |
15.05.2009 |
|
| Nutrinvestholding, 01 |
1 200 000 000 |
RUR |
|
May 2009 |
The company plans to issue new 5-year bonds worth RUR1.32bn to be swapped for the existing bonds. |
| Natur Produkt Invest, 2 |
1 000 000 000 |
RUR |
Raiffeisen Bank |
May 2009 |
Raiffeisenbank is an agent on debt restructuring. The issuer plans to swap bonds for a new issue in the framework of debt restructuring.
Preliminary payment schedule:
June-July 2009 - RUR 142.5m.
Q2 2010 - RUR 100m.
Q4 2010 - RUR 100m.
Q2 2011 - RUR 607m.
Coupopn rate for new bonds – 19.5%. Coupons are quarterly. |
| Pharmacy Chain 36.6, 1 |
3 000 000 000 |
RUR |
Raiffeisen Bank |
May 2009 |
The issuer offered investors a debt restructuring plan on Series 01 bonds suggesting swapping them for a new issue. Raiffeisenbank is the agent on debt restructuring.
As of October 19, 2009 Raiffeisenbank and ZAO Farmacy Chain 36.6 reached agreements with 94% of Series 01 bondholders with the par amount of bonds involved reaching RUR1.8bn. Debt restructuring was carried out by swapping Series 01 bonds for Series 02 bonds. |
| Sibir Airlines , 1 |
2 300 000 000 |
RUR |
Raiffeisen Bank |
May 2009 |
Agent on restructuring: Raiffeisenbank
The issuer intends to buy bonds in installments of 230,000 bonds on the following days: 29.05.2009, 30.06.2009, 29.07.2009, 31.08.2009, 29.05.2010, 29.06.2010, 29.07.2010, 30.08.2010.
Total: 1,840,000 bonds |
| Shans Capital, 1 |
1 000 000 000 |
RUR |
|
May 2009 |
The company intends to reach an agreement on debt restructuring regarding the following points:
- restructuring the current indebtedness for the period of 3 to 7 years
- restoring funding of working capital
- renewing delivery of goods.
Bondholders will be presented debt restructuring offers starting from May 27. |
| Razgulay-Finance, 4 |
3 000 000 000 |
RUR |
OTKRITIE Financial Corporation |
30.04.2009 |
The issuer announced an additional put option in the framework of debt restructuring: May 21, 2010 or June 11, 2009 in case of a covenant.
- By May 29 bendholders are to sign a debt restructuring agreement.
- On June 2 25% of the principal is to be repaid. |
| Seventh Continent, 2 |
7 000 000 000 |
RUR |
MDM Bank |
29.04.2009 |
MDM-Bank and OAO Seventh Continent are agents on debt restructuring.
The issuer offers to exchange Series 02 bonds worth RUR7bn for exchange bonds on the put option date (June 23, 2009)and have 20% of Series 02 bonds redeemed.
Exchange bonds have a 2-year tenor and carry quarterly coupons. Exchange bonds amortise with 20% installments to be repaid gradually starting from the 4th coupon period. |
| MosOblTrustInvest, 2 |
4 000 000 000 |
RUR |
Petrocommerce Bank |
13.04.2009 |
On September 29 teh Arbitration Court of the Moscow region declared the issuer bankrupt.
Petrocommerce Bank is appointed the agent on debt restructuring. On May 8, 2009 the issuer intends to repurchase up to 10% of bonds held by a bondholder at the end of the trading session on 25.03.2009; on September 24, 2009 - up to 30%; on March 26, 2010 - up to 30%; on September 25, 2010 - up to 30%.
In case of a covenant bonds are to be bought back on the 10th day after information disclosure regarding the covenant. |
| APC Arkada, 2 |
700 000 000 |
RUR |
|
10.04.2009 |
|
| RosBusinessConsulting, 2009 (CLN) |
100 000 000 |
USD |
MDM Bank |
01.04.2009 |
|
| DVTG-Finance, 1 |
1 000 000 000 |
RUR |
GR Management |
01.04.2009 |
Agent on restructuring: MDM-Bank
Extension of Series 01 and 02 bonds in full(worth RUR 3,813m outstanding) by swapping them for new bonds to be registered by June 2009. |
| Amurmetal, 1 |
1 500 000 000 |
RUR |
Raiffeisen Bank |
April 2009 |
Agent on restructuring: Raiffeisenbank
The issuer has been declared bankrupt. |
| Razgulay-Finance, 2 |
2 000 000 000 |
RUR |
OTKRITIE Financial Corporation |
April 2009 |
The company offered the following scheme:
25% of the principal to be repaid during the current period, then a put option for the remaining part of the issue scheduled for April 2, 2010.
On April 15, 2009 the issuer bought back RUR 339.606m in bonds. On April 30, 2009 the issuer bought back RUR 5,323,342.5 in bonds.
The issuer has to buy back 91,383 bonds as of April 30. |
| Gross Plants, 1 |
1 000 000 000 |
RUR |
|
April 2009 |
|
| Magnezit Group, 2 |
2 500 000 000 |
RUR |
Raiffeisen Bank |
April 2009 |
As of 04.05.2009 the issuer reached an agreement on debt restructuring with over 60 bondholders holding 78% of bonds submitted for buyback.
On May 7, 2009 teh company reached an agreement with bondholders on restructuring RUR 2,327.75m in bonds. the total number of restructured bonds reached 94%. |
| Amurmetal, 2 |
2 000 000 000 |
RUR |
Raiffeisen Bank |
April 2009 |
Agent on restructuring: Raiffeisenbank
The issuer has been declared bankrupt. |
| Razgulay-Finance, 3 |
3 000 000 000 |
RUR |
OTKRITIE Financial Corporation |
April 2009 |
The issuer offered the following debt restructuring scheme:
the issuer to buy back 25% of the issue during the current period, then a put option on April 2, 2010 (100% of outstanding bonds) plus an additional put option in case the issuer has over RUR1.3bn in unsettled obligations |
