Frankmedia - From July 13 to 17, the bond market recorded 20 cases of failure to meet obligations on coupon payments and redemption of the par value. This is evidenced by data from Cbonds. Most issuers are already familiar to the market as problematic borrowers; only two became newcomers in the list of default stories.
July 13
The «Naftatrans Plus» TC allowed technical defaults on the 19th coupon of BO-06 series bonds and on the 34th coupon of BO-05 series bonds.
«Sobi-leasing» allowed a default on the 11th coupon and repayment of part of the par value of the 001Р-07 series bonds.
July 14
«Mosregionlift» allowed a default on the 37th coupon and on the repayment of part of the par value of the BO-02 series bonds.
«Sobi-leasing» allowed a technical default on the 13th coupon and repayment of part of the par value of the 001P-06 series bonds.
«Neppy Club» allowed a technical default on the 22nd coupon of the BO-01 series bonds.
«Clean Planet» allowed a default on the 33rd coupon of the BO-01 series bonds.
«Monopoly» allowed a technical default on the 11th coupon of the 001P-07 series bonds.
«Commercial real estate FPC Garant-Invest» allowed defaults on bonds of series 002Р-05–002Р-07, 002Р-09, and 002Р-10.
July 15
«Opening Holding» allowed a technical default on the 19th coupon of the BO-03 series bonds.
July 16
«UDP Auto» allowed a technical default on the 27th coupon of the BO-01 series bonds (new).
July 17
«Business Land» allowed a default on the 8th coupon of the BO-01 series bonds (new).
«Sibavtotrans» allowed a technical default on the 10th coupon and repayment of part of the par value of the 001P-03 series bonds.
«Monopoly» allowed a default on the 21st coupon of the 001P-01 series bonds.
Opening Holding allowed a technical default on the 29th coupon of the BO-06 series bonds.
«Eurotrans» fulfilled its obligations under the coupon on the BO-001Р-07 series bonds, avoiding a default.
«Neppy Club» postponed the vote on restructuring bonds of the BO-01 series — the OSVR will run from July 20 to 29 on the E-voting platform. The meeting originally scheduled for the beginning of July was moved after shareholders approved changes to the issuance decision on July 8. The plan published in June provides for extending the term of the securities until December 2029 with monthly coupon payments and amortization.
«UDP Auto» this week, in response to a request from a bondholders’ representative, said it is prepared to act within the bankruptcy framework — creditor claims are planned to be repaid through the sale of assets. The company called filing for bankruptcy a forced measure.
«Eurotrans» continued to service defaulted issues on a targeted basis — on Monday, July 13, the company transferred RUB 8.66 million, which is only 10% of the coupon amount due (RUB 86.6 million) for series BO-001Р-07.
According to ACRA, in the first half of 2026 defaults have already been allowed by 13 new companies, versus eight in the same period last year. At the same time, analysts consider the current level moderate: the share of violators is only 1.4% of the total number of market participants, and their combined public debt does not exceed 0.1% of the market volume.
Eilers analysts note the completion of the acute phase of deterioration in credit quality — the median debt burden of issuers in the second half of the previous year increased slightly, from 2.4x to 2.5x in terms of net debt to EBITDA. At the same time, experts warn of risks in construction, ferrous (black) metallurgy, and among smaller wholesale and financial companies with an interest coverage ratio below 2.5x, recommending focusing on higher-rated papers with a floating coupon.