Central regions | Retail, FMCG

Shans $2.8m bond debt has short circuit

26 Dec '08
Belgorod region-based electronics and housing appliances retailer Shans has technically defaulted on repayment of a $2.8m first coupon on its first series bonds.

The company blamed the technical on continuing poor sales of housing appliances and electronics, but assured that it would repay the debt within two or three weeks.

The company placed its $35m three-year bonds in September 2007.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content
Latest News: Central regions
14 Jul '20 | Finance, business | Technology & innovation
14 Jul '20 | Finance, business
13 Jul '20 | Finance, business
10 Jul '20 | Telecoms, media | Retail, FMCG
10 Jul '20 | Technology & innovation
 

Feature stories

21 May '20
Russian and Italian researchers have developed a...
5 Apr '20
To extend the service life of medical fabric masksan...
26 Feb '20
A Russian developer has come up with its own...
Search (News archive - 22089)

World of the Future, World of AI

Luc Jones: A Guide to Doing Business in Russia and the CIS Countries
Why Russians Don't Smile
Advertising
Venture_Russia_2019_eng
Advertising
NATT
Advertising
Marchmont News

Latest News

14 Jul '20
A Russian VC fund called TMT Investments supported 3S...
13 Jul '20
The Russian Government last week announced a new...
10 Jul '20
In 2Q 2020, the Russians spent 15% more time in...

Most read stories from last week

13 Jul '20
The Russian Government last week announced a new...
14 Jul '20
A Russian VC fund called TMT Investments supported 3S...