August 28, 2017 / 3:45 PM / a month ago

BRIEF-Russia's Sistema in technical default on 8.9 bln rbls of debt

Aug 28 (Reuters) - Russia’s Sistema says:

* On 28 August 2017 a technical default occurred on credit obligations of the corporation amounting to the equivalent of 8.9 billion roubles ($152.01 million).

* “Sistema stresses that the non-compliance with certain conditions of some of its credit facilities that triggered the technical default is driven exclusively by the arrest of (its) assets and is purely formal in nature.” Further company coverage: ($1 = 58.5499 roubles) (Reporting by Moscow Newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below