MGCL bonds fell to 29% amid tax problems of “daughters”
High-yield bonds (VDO) of PJSC MGCL (Moscow City Company of pawnshops) have been getting cheaper since mid-October, and at the end of the month it became known that the Federal Tax Service blocked accounts of a number of subsidiaries of the group. According to the Moscow Exchange on October 28, depending on the issue of paper lost 4.62-29.15%, and their yield is 38.65-89.55% per annum. Shares of MGCL during this time fell by 35.71% to 1.26 rubles apiece.
High-yield bonds (VDO) of PJSC MGCL (Moscow City Company of pawnshops) have been getting cheaper since mid-October, and at the end of the month it became known that the Federal Tax Service blocked accounts of a number of subsidiaries of the group. According to the Moscow Exchange on October 28, depending on the issue of paper lost 4.62-29.15%, and their yield is 38.65-89.55% per annum. Shares of MGCL during this time fell by 35.71% to 1.26 rubles apiece.
