Russian Standard seeks creditor meeting to OK restructuring two notes

By Susanna Moon

Chicago, Sept. 23 – Russian Standard Finance SA said it wants to hold a meeting of creditors to approve restructuring its $350 million 13% loan participation notes due April 2020 and $200 million 11½% loan participation notes due January 2024.

A court hearing will be held on Sept. 30 to consider an application for an order to convene a meeting of creditors, according to two separate company notices.

The company also notified holders of the following notes:

• $200 million 7.73% loan participation notes due December 2015;

• $200 million 7.561% loan participation notes due December 2016; and

• $78,081,000 9¼% loan participation notes due July 2017.

The information agent is D.F. King Ltd. (rsb@dfkingltd.com, +44 0 20 7920 9700 or sites.dfkingltd.com/rsb).

Russian Standard Finance is a finance vehicle for JSC Russian Standard Bank, a Moscow-based lender.

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