The owners of bonds of LLC “Tver concession company” series 01 has any right to require the Issuer’s early redemption of their securities. The basis for this law is the failure to fulfill obligations on payment of coupon yield for the first coupon period, it said in a statement.
As previously reported, “TAC” 23 Aug 2017 due to the lack of sufficient amount of cash not paid coupon income on the bonds of the issue. The total size of the outstanding obligation amounted to 977,500 million.
The issue of the total nominal amount of 8.5 billion rubles were placed on 23 August 2016 maturing in 2065.