| • Issuer, issue number: |
IzhAuto, 02 |
| • Income calculation: |
|
| • Type of debt instrument: |
Domestic bonds |
| • Type of bonds: |
Coupon bonds |
| • Auction type: |
Coupon |
| • Placement type: |
Public offering |
| • Issue status: |
redemption default |
| • Type of placement: |
public |
| • Par, currency of issue: |
1000
RUR, 1 000
|
| • Amount: |
2 000 000 000 |
| • Registration date: |
May 11 2007 |
| • Report registration date: |
Jul 05 2007 |
| • State registration number: |
4-02-55016-E |
| • ISIN: |
RU000A0JPAK2 |
| • DCC: |
RF0000011162 |
| • Day Count Fraction: |
Actual/365 (Actual/365F) |
| • Start of placement: |
Jun 14 2007 |
| • End of placement: |
Jun 14 2007 |
| • Date of circulation start: |
Aug 15 2007 |
| • Issue price: |
100 |
| • Coupon: |
Coupons 1-3 - 9.79 %, coupons 4-8 - 18% |
| • Coupon frequency: |
2 time(s) per year |
| • Settlement Date: |
Jun 14 2007 |
| • Maturity date: |
Jun 09 2011 |
| • Issue Managers: |
Arranger - MDM Bank
Co-arrangers: International Moscow Bank, Zenit Bank, Petrocommerce Bank, Orgresbank;
Underwriters: MBRD, Soyuz Bank, Sviaz-Bank, B&N Bank, Credit Europe Bank, IFC Solid, European Trust Bank
Co-underwriters: KIT Finance Investment Bank, Eurofinance Mosnarbank, SB Bank, Metcombank, Locko Bank |
| • Trading floor, listing category: |
MICEX, RU000A0JPAK2 (Unlisted securities, Aug 13 2007)
RTS, izav02 |
| • Investment banks: |
Bookrunner:
MDM Bank
Co-lead manager(s):
Bank Zenit
Petrocommerce Bank
UniCredit Bank
Nordea Bank
Underwriter(s):
European Trust Bank
IFC Solid
Soyuz Bank
MBRD
BINBank
CREDIT EUROPE BANK
Sviaz-Bank
Co-underwriter(s):
Evrofinance Mosnarbank
KIT Finance Investment Bank
Loñko-Bank
Sudostroitelny Bank
Metcombank (Urals)
Debt restructuring agent:
MDM Bank
|
|
Debt Servicing |
| • Status: | Default |
| • Liability type: | Ñoupon |
| • Planned date of meeting liabilities: | Jun 09 2011 |
| • Date of meeting liabilities due to technical default: | Jun 16 2011 |
| • Actual date of meeting liabilities: | |
| • Additional information: | Unmet liability: RUR 17.168m. The issuer didn't pay accrued interest and principal on the issue due to its bankruptcy. |
|
| • Status: | Default |
| • Liability type: | Redemption |
| • Planned date of meeting liabilities: | Jun 09 2011 |
| • Date of meeting liabilities due to technical default: | Jul 09 2011 |
| • Actual date of meeting liabilities: | |
| • Additional information: | Unmet liability: RUR 1.874bn. The issuer didn't pay accrued interest and principal on the issue due to its bankruptcy. |
|
| • Status: | Default |
| • Liability type: | Ñoupon |
| • Planned date of meeting liabilities: | Jun 10 2010 |
| • Date of meeting liabilities due to technical default: | Jun 17 2010 |
| • Actual date of meeting liabilities: | |
| • Additional information: | Amount of unfulfilled obligation: RUR 168,962,183.25.
The obligation was not settled due to lack of liquidity. |
|
| • Status: | Default |
| • Liability type: | Ñoupon |
| • Planned date of meeting liabilities: | Dec 10 2009 |
| • Date of meeting liabilities due to technical default: | Dec 17 2009 |
| • Actual date of meeting liabilities: | |
| • Additional information: | Amount of unfulfilled obligation: RUR 168,962,183.25 |
|
| • Status: | Non-execution of put option |
| • Liability type: | Buyback option |
| • Planned date of meeting liabilities: | Aug 26 2009 |
| • Date of meeting liabilities due to technical default: | Sep 25 2009 |
| • Actual date of meeting liabilities: | |
| • Additional information: | Amount of unsettled obligation: RUR 1.2bn. The issuer filed for bankruptcy in early August, the court hearing is scheduled for September 4. |
|
| • Status: | Default |
| • Liability type: | Ñoupon |
| • Planned date of meeting liabilities: | Jun 11 2009 |
| • Date of meeting liabilities due to technical default: | Jun 18 2009 |
| • Actual date of meeting liabilities: | |
| • Additional information: | Amount of unsettled obligation: RUR 168.962m |
|
| • Status: | Non-execution of put option |
| • Liability type: | Buyback option |
| • Planned date of meeting liabilities: | Apr 15 2009 |
| • Date of meeting liabilities due to technical default: | May 15 2009 |
| • Actual date of meeting liabilities: | |
|
| • Status: | Non-execution of put option |
| • Liability type: | Buyback option |
| • Planned date of meeting liabilities: | Dec 16 2008 |
| • Date of meeting liabilities due to technical default: | Jan 15 2009 |
| • Actual date of meeting liabilities: | |
| • Additional information: | Amount of unsettled obligations: RUR 2bn |
|
|
Debt restructuring |
| • Date of restructuring: | Dec 23 2008 |
| • Debt restructuring agent: | MDM Bank |
| • Additional information: | Agent on restructuring: MDM Bank
The issuer offers the following:
extension of bonds in full, an additional put option according to the following scheme: 10.12.2009 - RUR 666.6 m, 10.03.2010 - RUR 666.6 m, 10.06.2010 - RUR 666,6 m
The issuer intends to settle the obligation in full on August 26, 2009. |
|
