GAZ Group reportedly has offered to make the first payment of 500m rubles on a defaulted 5b ruble bond issue in April-June.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


GAZ has offered to pay the remaining amounts in December and in 2010 but no agreement with bondholders has been signed yet, a Raiffeisenbank representative told business daily Vedomosti, according to Prime-Tass.


GAZ offered the restructuring terms following a proposal from Raiffeisenbank, the report said. It defaulted on the buyback offer for the bond issue on 12 March.

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now