A subsidiary of UTair Aviation, after technical default on bonds, discloses the terms that UTair Aviation wants to offer to bondholders
Published 18 December 2014
The terms are unlikely to be attractive to bondholders, but they are "indicative" and may change; Sibir/S7 Airlines, which had a technical default in 2009, offered better terms (922 words, 2 tables [proposed repayment schedule and interest rates])
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Article ID: 12073