The company 'Evrotrans' has fully defaulted on one of its bond…
The company 'Evrotrans' has fully defaulted on one of its bond issues (BO-001R-04), according to data from the Moscow Exchange.
Consensus
- Eurotrans confirmed a default on one bond issue (BO-00IR-09).
- The company made partial coupon payments on green bonds (series 01 and 002R).
- A technical default occurred on multiple bond issues, with some defaults later canceled by the exchange.
- The Moscow Exchange placed all Eurotrans bonds in 'Debt D' trading mode starting 6 August.
- The company has experienced repeated technical defaults since spring 2026.
- Sberbank planned to file for bankruptcy against Eurotrans on 5 August.
- Bond prices dropped to 17–30% of nominal value, with yields reaching 100–300% annually.
- Eurotrans's stock price fell significantly, with a 7.89% drop on 5 August and a decline of over threefold since the beginning of the year.
Points of divergence
- Eurotrans was able to pay 19% of the coupon payment on the defaulted issue, with a total default amount of 33.3 million rubles. — vedomosti
- The full default was declared on issue BO-001R-04, with a coupon of 41 million rubles due on 21 July, and the company failed to meet obligations within ten working days after the technical default. — kommerant
- The exchange initially recorded defaults on two issues but later canceled them. — kommerant
- The financial crisis began in March 2026, attributed to temporary cash flow issues due to uneven revenue inflows. — vedomosti
- The extreme volatility of Eurotrans shares is due to exchange technical restrictions, including a ban on short positions. — kommerant
Coverage (2 sources)
- Eurotrans confirmed default on bond issuance — Ведомости
- Eurotrans allowed the first full default on bonds — Коммерсантъ