Rusnano bonds fell at the opening of trading after reports of the risk of bankruptcy

During trading on the Moscow Exchange (MOEX: MOEX) on the morning of October 4, bond quotes of the Rusnano company decrease. Yesterday, October 3, the company warned about the impossibility of fulfilling debt obligations at the expense of its own funds and declared signs of bankruptcy. Five issues of corporate bonds of Rusnano are traded on the Moscow Exchange with a total volume of 37.08 billion rubles.

According to trading data at 11:47:

• Quotes “Rusnano 8” (RU000A1008V9, maturity date 03/27/2028, volume – 13.4 billion rubles) decrease by 9.91%. Yield to maturity – 71.14%;
• “Rusnano BO-002P-04” (RU000A101KK0, maturity date 03.26.2024, volume – 6.5 billion rubles) are reduced by 16.9%. Profitability – 68.55%;
• “Rusnano BO-002P-05” (RU000A102HB3, maturity date 12.12.2023, volume – 5.5 billion rubles) decrease by 11.04%. Profitability – 115.26%;
• “Rusnano BO-002P-02” (RU000A101EW8, maturity date 11/10/2025, volume 1.68 billion rubles) decrease by 4.62%. Profitability – 186.86%;
• Data on transactions “Rusnano BO-P01” (RU000A1000H5maturity date 12/23/2023, volume – 10 billion rubles) are missing.

At the end of June, Rusnano’s net debt amounted to 95.56 billion rubles. against 90.85 billion rubles. for the beginning of the year. In December, Rusnano needs to repay the issue of exchange-traded bonds in the amount of 10 billion rubles. In a report presented yesterday, Rusnano said that the volume of creditors’ claims (excluding interest on loans and accumulated coupon income on bonds) “significantly exceeds the value of assets.”

In December 2022, the Arbitration Court of the Novosibirsk Region declared Liotech-Innovations LLC, managed by a subsidiary of Rusnano, bankrupt. The company entered into bankruptcy proceedings.

Lusine Balasyan