OOO "Biznes-Land" missed the payment of the eighth coupon on BO-01…
OOO "Biznes-Land" missed the payment of the eighth coupon on BO-01 bond series. On July 3, "Biznes-Land" incurred a technical default when paying the eighth coupon on the BO-01 bond series for an amount of 17.2 million rubles.
Consensus
- OOO 'Business-Lend' defaulted on the payment of the eighth coupon for its BO-01 bond series.
- The overdue amount was 17.2 million rubles.
- The default occurred due to insufficient funds and account freezes caused by negative tax balances with the Federal Tax Service (IFNS).
- Bondholders gained the right to demand early redemption of the bonds following the default.
- The bond issue has a total volume of 300 million rubles, with maturity in December 2027.
Points of divergence
- This is the second incident involving payment failures within recent months; in October 2025, a technical default was previously avoided as payments were made before actual default occurred. — kommersant
- 'Business-Lend' admitted to a technical default on July 3 and stated it planned to fulfill obligations within the next 10 days. — vedomosti
Coverage (2 sources)
- Business-Land declared default on a coupon worth 17.2 million rubles — Коммерсантъ
- Business Land admitted technical default on BO-01 bond coupon payment — Ведомости