"Daughter" of "UTair" has once again announced a technical default on the bonds

"UTair-Finance (100% subsidiary of airline "UTair") made a technical default on two bond issues totaling 10.8 billion rublesThe bonds of the BO-10 investors presented for redemption of bonds totaling $ 3.7 billion rubles., BO-09 - in the amount of 7.1 billion rublesThe reason for the failure is "lack of funds in the required amount," quotes the message of the company TASS.26 December meeting of participants of LLC "UTair-Finance has decided to refuse the placement of exchange bonds of series BO-14 and d-15 for a total amount of 3 billion rublesIn November UTair has already made a technical default on the bonds of the BO-10 and BO-9 2.7 billion rubles.

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