Rusnano paid money for bonds without state guarantees 
Rusnano avoided default when paying off a bond issue worth 4.5 billion rubles. The National Settlement Depository (NSD) received money from the state company to pay the par value and coupon yield on bonds of the 2P-01 series with maturity on December 1, according to the NSD website.
The bonds were not backed by government guarantees, holders were mainly private investors. The coupon rate for them was 9.1 percent. On November 30, bonds of the 2P-04 series were traded on the stock exchange in the price range of 67-74 percent of the par. In December, Rusnano must find a way to pay coupons for four more series of securities.
In November, the state corporation announced a possible restructuring due to the large volume of accumulated debts. The Central Bank sent an order to the Moscow Exchange to stop trading in Rusnano bonds on November 19.
After the resumption of trading in the company's securities, their value collapsed. Experts believe that the Rusnano crisis will hit all state-owned companies, because government guarantees were included in their ratings.