Date: 4 days ago   Category: Finance

NPF Safmara intend to challenge restructuring of bonds "Opening of Holding" — Rambler News Service


UK of the pension funds of the Safmar group through court demand to nullify changes of conditions of bond issues Otkrytiye Holding, JSC Ay Kyyu Dzhi Upravleniye Aktivami and LLC UK Upravleniye investitsiyami, management companies of the pension funds of the Safmar group reported in the press service of NPF Safmar "on February 8, 2019, submitted a claim to JSC Otkrytiye Holding to Arbitration court of Moscow. UK ask to nullify decisions on modification of conditions of releases of bond issues of JSC Otkrytiye Holding of BO-03 and BO-04 series" — it is said in the statement. It is explained that changes consist in postponement of date of payment of coupon yield for one year and disclaimer of the requirement of early redemption of bonds. "Management companies of funds of the Safmar group voted against these changes, but could not affect the result of vote. Changes are illegal as they contradict the interests of all holders of bonds" — it is noted in the message. It is noted that changes actually come down to refusal of the issuer of obligations. Management companies ask court to restore obligations of the parties for BO-04 BO-03 And series in the previous editions of conditions of release. It is noted that the claim is made also to the "Ligal Capital Investor Servisez" company, the representative of owners of bonds of Otkrytiye Holding. As the third parties management companies suggest to attract FC Otkrytiye bank and Trust bank. Funds – NPF Safmar and NPF Doveriye – will be included into process also as the third parties. Management companies of the pension funds of the Safmar group acquired bonds of BO-03 and BO-04 series Otkrytiye Holding at the exchange in 2015-2016 at the market price, close to face value in 1 thousand rubles, for the total amount of 17.2 billion rubles. In the fall of 2018 the decisions on restructuring of loans consisting in postponement of date of payment of coupon yield for one year and disclaimer of the requirement of early redemption of bonds were made.

URL:

The Ministry of Finance of the Russian Federation assesses confirmation of the long-term credit rating of Russia by the Fitch agency at the current "investment" VVV — level with the positive forecast positively, declared in the press service of the Ministry of Finance. "The Ministry of Finance of the Russian Federation assesses confirmation of the...


Photo: News/Ramil Sitdikov the Founder of Baring Vostok investment fund Michael Kalvi is sure by RIA of the innocence, his lawyer Dmitry Kletochkin told journalists. "Michael Kalvi is absolutely confident in the innocence and considers that over time when all facts become known, the case will be dismissed" — he said. Earlier the court prolonged the...


The price of Brent crude oil rose higher than $66 for barrel, data of the trading of the Intercontinental exchange (ICE) demonstrate. As of 20:57 Moscow time cost of April futures for Brent grew to $66.04 for barrel. On November 20 last year the price of Brent crude oil reached $66.9 for barrel then passed to decrease. The minimum was recorded on D...


Photo: Sergey of Bobyliov/TASS Basmanny Court of Moscow postponed decision-making according to the petition of the investigation for arrest of the founder of Baring Vostok Michael Kalvi for February 16, the correspondent of RNS from the courtroom tells. The term of detention of the businessman is prolonged for 72 hours. "The court decided to prolon...


The Russian Direct Investment Fund (RDIF), Siemens Mobility and economic partnership "The Ural high-speed highway" agreed about implementation of the project on construction of the high speed railway line Chelyabinsk – Yekaterinburg, the press service of RPFI reported. "The total amount of investments into the project is more than 300 billion ruble...


The U.S. President Donald Trump declared that he already signed documents on imposition of the state of emergency on border with Mexico to achieve assignment for construction of a wall, the Associated Press agency reported. The American president did not specify when state of emergency is announced. Trump also said that he expects submission of cla...