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Mostransavto-Finance fails to meet obligations on debut bonds
OOO Mostransavto-Finance has defaulted on a coupon payment and amortization on debut bonds worth RUR7.5bn. The issuer had to pay RUR478.65m for the 2nd coupon and repay RUR975m of the principal. The company informed that the liabilities had partially been settled. Bondholders were paid RUR346,913,840.94 worth of coupon payments and RUR 706,656,210 worth of the principal.