Default occurred on the series BO-001P-09 bond
Default occurred on the series BO-001P-09 bond, the series 01 green bond, and the series 002P-02 green bond.
Consensus
- Sberbank intends to file a bankruptcy petition against PJSC Evrotrans in the arbitration court.
- The petition is based on Evrotrans's failure to pay coupon payments on bond issues.
- A full default occurred on August 5 on three bond series: BO-001P-09 and green bonds series 01 and 002P-02.
- Evrotrans has experienced technical defaults on seven other bond issues.
- The information about the petition was published on the Fedresurs portal.
- Evrotrans operates the 'Trassa' network of fuel stations in Moscow and the Moscow region.
- The company also owns a fleet of fuel tankers, an oil base, a windshield washer production plant, a factory kitchen, four restaurants, and a network of electric vehicle charging points.
Points of divergence
- Sberbank previously announced plans to file a bankruptcy lawsuit, and the bank 'Rossiya' had also announced similar intentions. — kommersant
- The total amount of unpaid coupons across four bond issues as of early August is 168.4 million rubles. — kommersant
- Evrotrans's stock lost over 70% of its value since the beginning of the year. — kommersant
- Bank 'Rossiya' filed a bankruptcy petition against Evrotrans on July 23. — vedomosti
- Moscow Exchange imposed a ban on short positions and set market risk limits at 100% for Evrotrans shares. — vedomosti
- After the exchange announcement, Evrotrans's share price rose by 101.78% to 51.05 rubles. — vedomosti
- In mid-July, Evrotrans reported having fulfilled only 10% of its obligations for the 15th coupon of the BO-001R-07 bond series before the exchange restrictions. — vedomosti
Coverage (3 sources)
- Sber will pursue bankruptcy of Eurotrans — Вести
- Sberbank will file a lawsuit for bankruptcy of the operator of the EuroTrans gas station network — Коммерсантъ
- Sberbank will file a lawsuit with a statement on the bankruptcy of Eurotrans — Ведомости
Key entities
- Eurotransa
- Sberbank
- Russia
- Arbitration Court
- Federation of Independent Public Organizations
- Sber
- PJSC Eurotrans
- Rubio Index Moscow Exchange
- MOEX: Sberbank
- Eurotransa Moscow
- Sberbank of Russia