LONDON (Alliance News) - Russian property developer MirLand Development Corp PLC on Tuesday said it held a meeting with trustees of its bonds last week and no agreement has yet been reached.
MirLand reached a provisional agreement on the company's bond debt in 2015, but held talks with the trustees following the recent sharp decline for the Russian ruble against the US dollar.
No agreement has been reached with the trustees so far, MirLand said.
Shares in MirLand were untraded on Tuesday, having last traded at 65.00 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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