| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for R.G.I. International Ltd. > News item |
R.G.I. International ups coupon on series A bonds following downgrade
By Angela McDaniels
Tacoma, Wash., May 13 - R.G.I. International Ltd. announced a 0.2% increase in the coupon of its 8.7% unsecured series A bonds.
The company is making the change because Standard & Poor's Maalot downgraded its rating on the bonds to ilBBB/negative from ilBBB+/negative, according to a company news release.
In lowering the rating, S&P cited the continuing uncertainty associated with the Russian real estate market combined with the early stage in which most of the company's projects are in.
R.G.I. develops high-end properties in the Moscow area. The company is based in St. Peter Port on the Channel Island of Guernsey.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.