"Nappy Club issuer defaults on 3.1 mln rubles bond payment due to lack of funds"

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Neppy Club Joint Stock Company has announced its failure to meet obligations towards holders of its exchange-traded bonds. The corresponding notice was published on the website of the Corporate Information Disclosure Center.

The announcement pertains to non-convertible interest-bearing dematerialized exchange-traded bonds of Series BO-01, issued through an open subscription (registration number 4B02-01-00169-L dated August 20, 2024, ISIN RU000A109KG1).

The company was required to pay investors the accrued coupon income for the 17th coupon period on February 11, 2026. The total amount of the obligation was 3,112,500 rubles.

However, the payment was not made by the due date. The issuer classified the situation as a technical default on coupon payments.

Neppy Club cited insufficient funds in its bank accounts on the payment date as the reason for the non-compliance. As a result, the obligation to bondholders was not fulfilled in full.