Russian fertilizer company Eurochem asks bondholders to defer debt payments


EuroChem also requested that bondholders approve the replacement of the bond trustee and “release the issuer and guarantors from covenants and certain events of default”.

Bondholders have until September 5 to vote on the proposal, with the result of the vote to be announced on September 7 at 1600 GMT.

The company said Western sanctions and retaliatory Russian capital restrictions were the reason for the request to freeze interest payments.



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