Browsing: default

The head of Naftogaz said that the company is close to exiting default

“The default of Naftogaz is being postponed”: Alexey Chernyshov, Chairman of the Board of NJSC Naftogaz of Ukraine (Photo: Press Service of NJSC Naftogaz of Ukraine) NAC Naftogaz of Ukraine completes negotiations with creditors on the restructuring of Eurobonds, on which the company defaulted, writes HB. This was stated by the head of the company […]

A big seller of shoes in Russia failed to pay back money it owed for bonds.

Major shoe retailer OR Group, which owns the Westfalika chain, has defaulted on its bonds. In January, he was unable to pay off five-year bonds, paying only interest on the issue, and now he has again failed to meet obligations of more than 500 million rubles to Promsvyazbank, turning a technical default into a real […]