15 Jun '09
Novosibirsk-based book retailer Top-Kniga has paid over $10.5m to redeem 18.75% of its first series bonds and make the coupon payment, the company reports.
The company reportedly bought back bonds worth a total of $7.8m, which it technically defaulted on last December (see Marchmont news of December 17, 2008). The firm also paid the 20% $2.7m coupon payment.
The firm placed its $48m four-year bonds at MICEX in December 2006.