“Airplane” explained the non-redemption of exchange bonds for technical reasons
"Airplane" was unable to make an offer on exchange bonds of the BO-P05 series in time. It was not possible to fulfill the obligations for technical reasons, the company said
The developer "Airplane" was unable to make an offer on exchange bonds in time, follows from the message of the issuer on the website of the Center for Corporate Information Disclosure (CRCI). We are talking about exchange bonds of the BO-P05 series (ISIN RU000A100Q50), the offer for which was to be held on November 9.
“For technical reasons, the obligation to repurchase exchange-traded bonds could not be fulfilled. The number of exchange bonds purchased by the issuer: 0 pieces, the company said.
Also, “Airplane” reported that on November 11, it will take action to purchase bonds from investors who filed the relevant requirements in the period from October 28 to November 3 inclusive.
Previously, the issuer has repeatedly failed to fulfill obligations to bondholders. So, in May of this year, “Airplane” allowed telecommunications default on coupons of three issues of bonds, and at the end of September could not repay the bonds properly. Both times the issuer cited technical reasons.
Against this background, the bonds of the issuer at auction on Tuesday, November 10, lose in price to 10%, follows from the data of the Moscow stock exchange as of 17:55 GMT.
The largest drop is observed in the release of BO-P21 with a maturity date in December 2028. As of 17:55 MSK, one paper is trading at a price of 454.5, which is 10.18% lower than the price by the close of the previous day. The yield on the last transaction is 77.65%.
In total, the issuer has 15 issues of exchange bonds with a total volume of в104.9 billion. The closest issue to maturity - in January 2027 - BO-P13. At 17:55 GMT, it falls in price by 4.05%, trading at the price of 765.
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