AVO asked the Central Bank to deal with payments on bonds « Fighter Capital »
A number of investors, primarily individuals, cannot receive the coupon payments due to their bonds of the Board Capital, the assets of which are arrested. Moreover, in relation to most professional participants in the market, coupon income is made. In NRDs, they explain such selectivity with restrictions “imposed by authorized bodies”. The association of bonds asked the Bank of Russia to intervene in the situation, but lawyers believe that they could not do without trial.
On Thursday, March 20, the association of bond owners (AVO) sent an appeal to the Bank of Russia with a request to figure out the situation around the issues of bonds of the Board Capital company (I got acquainted with the letter). According to the association, coupon payments on these securities were received by owners of prostitute bonds, but not an investors-physicist. This is due to the fact that “the depository of brokers did not receive funds from NRA (national estimated depository. « Kommersant ») In connection with their arrest, the bailiff in the framework of the interim measures taken by the court. «
In February 2025, the Arbitration Court of the Kaliningrad Region, at the request of the Prosecutor General’s Office, imposed interim measures on the fractions of the Boits holding enterprises, a manufacturer of equipment for oil production (see Kommersant on February 11). According to RUSBONDS, the company “Board Capital” has two ruble bond outputs for 21 billion rubles, one issue of replacing bonds for $ 350 million. Earlier, the company said that due to interim measures, it would not be able to pay a coupon on the Bonds of the 001P-02 series. But in early March, after the court replaced the interim measures, the company was able to transfer 151 million rubles in NRD. for the payment of the coupon.
However, according to Kommersant’s source in a brokerage company, they also did not receive a coupon there: supposedly NRD said that the company “is not included in the list of recipients of payments”. A source of Kommersant in another brokerage company said that he had no these papers in his account, and to customers gave access to three releases. “On the first release, they should have been paid on March 17, but the money was not received, on the second release – March 20, the coupon for the third issue was paid late on February 28,” says the interlocutor of Kommersant. The finam reported that these papers also did not have these papers, the clients had them in small quantities, but there were no payments for them.
NRDs confirmed the fact of payments to professional participants « taking into account the restrictions imposed by authorized bodies. » At the same time, there were recommended to “investors entitled to payments to apply for additional information to their depository, where the investor has opened the depot account, and/or to the issuer of bonds.”
The appeal of AVO in the Central Bank is unlikely to help holders of bonds of the “wrestler” in this situation, lawyers say. The Bank of Russia cannot oblige the depository to ignore the court decision, even if the regulator had not agreed with the current situation, Anna Barabash, CEO of Enterprise Legal Solutions. At the same time, the decision to remove interim measures can be made either at the end of the main dispute, either at the request of the prosecutor’s office, or if the issuer himself can convince the court of higher instance that the restrictions were established unreasonably, the lawyer notes. The appeal of the ABO is significant “from the point of view of public resonance,” said Vadim Reznichenko, head of the ATLEGAL company. The current situation “causes quite reasonable irritation by owners of bonds-individuals, whom the professional participants are actively and often intrusively calling for investing in domestic financial instruments, and then leave one on one with similar problems,” the lawyer notes.
The owners of these bonds, just like the owners of Domodedovo bonds (see Kommersant on March 18), need to go to court-this gives at least some chances of resolving the issue, the Kommersant’s source in the brokerage company believes. But the fact that such situations are increased and decisions are made without taking into account the rights of conscientious acquirers of securities is a serious blow to the stock market, he said. This situation contradicts the fact that all investors have equal rights, and it is contrary to the task of developing the stock market, said Maria Romantsova, managing director of the FG FG “Finams”. According to her assessment, the share of individuals can amount to about 5.7% of the volume of bonds of this company, or 1.2 billion rubles.
The Bank of Russia did not respond to the request of Kommersant.
