Samolét bonds plunge 40% over delayed payments
Agency 2R-Media – at 682.3 million rubles, Realweb – at 317.9 million rubles, LLC 'Twiga Digital Performance' (legal entity of the Twiga advertising group) – at 52.6 million rubles.
Consensus
- On September 29, the stock price of 'Samolét' declined significantly during trading.
- The National Settlement Depository (NRS) reported that 'Samolét' failed to fully repay obligations for the BO-P20 bond series.
- The company issued a statement explaining that funds for the bond repayment were sent on September 28 but were only credited on September 29 due to technical issues.
- The bond series in question is BO-P20 with a maturity date of September 28, 2026, and a fixed coupon rate of 21.25%.
- The company paid only a portion of the required amount for the BO-P20 series, approximately 670 million rubles out of 2.5 billion rubles.
- The market reacted strongly to the SamolétP11 bond issue, with prices falling to 505 rubles and yield reaching 433%.
- The Board of Directors of PАО 'PIK-Specialized Developer' voted unanimously on September 7 to delist shares, with the matter scheduled for shareholder meeting on October 13.
Points of divergence
- The price of SamolétP11 bonds dropped to 486 rubles, a fall of nearly 40%, with yield reaching 433%. — vm
- The stock price of Samolét fell by almost 8% at 16:30 MSK, reaching a low of 227.4 rubles, and traded at 232.8 rubles by 17:12 MSK. — vedomosti
- The company stated that the funds were sent on September 28 and credited on September 29 due to technical reasons, and that the depository records the owner registry on the next working day after full payment. — vm
- The NRS reported that obligations for the BO-P20 series were fulfilled improperly, and that only the 12th coupon payment of 43.675 million rubles was made, equivalent to 17.47 rubles per bond. — vedomosti
Coverage (2 sources)
- Developer bonds «Samoliet» plummeted by 40 percent amid payment delays — Вечерняя Москва
- Shares of "Samolot" lost almost 8% from price at the moment — Ведомости