The Verkhovna Rada registered a draft law envisaging the possibility of extending the term of the bond.
Г‚В
Thanks to this company and the banks find themselves in financial difficulty, can avoid technical defaults (situations when they can not pay on time with the bond holders).
According to the draft, the issuer of bonds will have the opportunity to renew their appeals in two cases: if he bought the paper the corresponding series, or if all the bondholders had allowed him to extend the circulation of papers. This extension period may not exceed the period of treatment specified in the prospectus when placing bonds. Also prevents re-extension.
bond issuers, who wants to extend their treatment and the agreement of all investors will be obliged to make changes to the prospectus and register them in the State Commission on Securities and Stock Market. Then (within 15 days from the date of registration) the company must publish the changes in the media.
author of the bill, a deputy from the Party of Regions Igor Lysov believes that the adoption of his bill benefits both issuers and bondholders. In the case of the likely bankruptcy of the issuer because of the technical default of bond holders are in a difficult position, since losing a real opportunity to return the spent money to buy bonds, income, goods, works or services, - stated in a memorandum to the draft law.
According to Igor Lysova, particularly among those of the investors feel in the construction sector. Construction companies are restrained in the financing, as banks, mortgage loans are not issued. You're building a house for 100 apartments, 70 families have made money, but the other 30 lenders to find you can not. And you have to hang repayment of bond debt, - explains of Regions, a member of the Verkhovna Rada Committee on matters of construction, bridge construction, housing and utilities and regional policy.
Representatives investsoobschestva confirm that the need for legislative changes relating to issues of defaults and restructuring, long overdue. However, the bill had appeared skeptical. First, bondholders, having learned by bitter experience, are always looking for pitfalls in such bills. It is possible that they have or will be in the document that would allow issuers to legally avoid paying for its obligations, - said the director of the Management company Universal Vladimir Gryn.
He also expressed doubt that investors who are now in no less grave financial situation, rather than issuers agree to extend the terms of the bond. If the law was passed earlier, argues Gryn, obviously bondholder could go to meet the issuer only in one case. This is the agricultural companies Rise, which managed to agree on debt restructuring of 100 million UAH. before the offer period (late May).
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Good morning! Information Group Finam.ru and Investment Company Finam Welcome to your site and wish you good day!
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Medicine from default
The Verkhovna Rada registered a draft law envisaging the possibility of extending the term of the bond.
Г‚В
Thanks to this company and the banks find themselves in financial difficulty, can avoid technical defaults (situations when they can not pay on time with the bond holders).
According to the draft, the issuer of bonds will have the opportunity to renew their appeals in two cases: if he bought the paper the corresponding series, or if all the bondholders had allowed him to extend the circulation of papers. This extension period may not exceed the period of treatment specified in the prospectus when placing bonds. Also prevents re-extension.
bond issuers, who wants to extend their treatment and the agreement of all investors will be obliged to make changes to the prospectus and register them in the State Commission on Securities and Stock Market. Then (within 15 days from the date of registration) the company must publish the changes in the media.
author of the bill, a deputy from the Party of Regions Igor Lysov believes that the adoption of his bill benefits both issuers and bondholders. In the case of the likely bankruptcy of the issuer because of the technical default of bond holders are in a difficult position, since losing a real opportunity to return the spent money to buy bonds, income, goods, works or services, - stated in a memorandum to the draft law.
According to Igor Lysova, particularly among those of the investors feel in the construction sector. Construction companies are restrained in the financing, as banks, mortgage loans are not issued. You're building a house for 100 apartments, 70 families have made money, but the other 30 lenders to find you can not. And you have to hang repayment of bond debt, - explains of Regions, a member of the Verkhovna Rada Committee on matters of construction, bridge construction, housing and utilities and regional policy.
Representatives investsoobschestva confirm that the need for legislative changes relating to issues of defaults and restructuring, long overdue. However, the bill had appeared skeptical. First, bondholders, having learned by bitter experience, are always looking for pitfalls in such bills. It is possible that they have or will be in the document that would allow issuers to legally avoid paying for its obligations, - said the director of the Management company Universal Vladimir Gryn.
He also expressed doubt that investors who are now in no less grave financial situation, rather than issuers agree to extend the terms of the bond. If the law was passed earlier, argues Gryn, obviously bondholder could go to meet the issuer only in one case. This is the agricultural companies Rise, which managed to agree on debt restructuring of 100 million UAH. before the offer period (late May).
The court stopped the bankruptcy of the plant Arsenal
Tymoshenko hopes to resume in 2010 compensation for deposits in the former USSR Savings Bank
Good morning! Information Group Finam.ru and Investment Company Finam Welcome to your site and wish you good day!
Analytical review of the Forex Market for September 24
United States: a reduction of sales in the secondary housing market has led to another collapse indices
Experts: Debt Naftogaz is unlikely to take place in due time, a default is likely
Savchenko: The top of the NBU should be holier than the pope
Interview with former deputy chairman of the National Bank …
The stock market fell below 1,180 points on MICEX due to the weak real estate market statistics from the U.S.
Forecasts of analysts: Positive on Russia's market may come from the G20 summit