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XXI Century allocates funds to satisfy Nov. 24 coupon payment

XXI Century allocates funds to satisfy Nov. 24 coupon payment

20 November 2008

XXI Century (XXIC LN) released a statement this morning in which it said it had transferred USD 8.75 mln into its account with the Bank of New York to satisfy the coupon payment due on November 24 on its USD 175 mln Eurobond issue. Alexander Romanov: Although the company covered this coupon payment, XXI Century will most probably not be able to exercise the put option in full scheduled for May 2009.

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