The volume of last year's defaults on bonds of the Russian issuers was 3.5 times less than in 2018

According to the annual summary bond defaults statistics, the volume of outstanding obligations among the Russian corporate issuers amounted to RUB 17.96 billion at year-end 2019, which is 3.5 less than in the previous year (RUB 63.8285 billion) and 7 times less than the peak in 2009 (RUB 125.355 billion). The cumulative volume of outstanding obligations to the volume of corporate bonds of the Russian issuers was 0.13%, which is by 40 bps less than last year's result. In the recession year 2009, this ratio was 4.83%. 81 out of 96 outstanding obligations account for defaults on the coupon (RUB 9 538.11 billion), 10 – for defaults on repayment (RUB 7 404.88 billion) and 4 – for technical defaults on the coupon (RUB 1 009.7 billion). Also, at the end of the year, 1 outstanding offer (RUB 7 927.84 billion) was registered, with no technical defaults on repayment or technical default on outstanding offer. Last year, a number of companies failed to make payments to investors: «Volga Capital», «VTORRESURSY», «SOLOMENSKIY LESOZAVOD», «Digital Invest», «Region-Invest», «UAHM Finance». «Digital Invest» defaulted on coupons of 4 series, «Region-Invest» defaulted on coupon of 6 series and made a default on repayment. All issues of both companies were non-market ones. «SOLOMENSKIY LESOZAVOD» made two defaults on the coupon for a total amount of about RUB 300 million. The latest technical default on bonds of this series (01) was registered in 2016. «VTORRESURSY» holding company defaulted on repayment on single bond issue. «Volga Capital» made two defaults on the coupon in July and December, with the next payment on the coupon due in June 2020. «UfaAtomHimMash-Finance» also defaulted on the coupon, with the next payment due in July 2020. Also, a significant number of defaults were made by the companies known from last year's defaults: «O1 Group Finance» – 12 defaults on bonds of 3 series (the same 12 defaults in 2018), «Samaratransneft-Terminal» – 14 defaults on the coupon (9 defaults in 2018). You can find more details on the default statistics in the relevant section.

The volume of last year's defaults on bonds of the Russian issuers was 3.5 times less than in 2018

Інші новини компанії