Air Baltic defaults on 2024 14.5% EUR bond before August 14, 2029?
One-OffBonds & TreasuriesCorporate Actions2yManifold MarketsNo KYCVerified resolution dataWell calibratedCurrent community forecastYes 95.4%
Forecasters
17
Question type
binary
Methodology
Play-money forecasting platform
Source type
Forecast
Market data
Updated 7 hours ago
StaleApr 22, 25, 8:31 PM UTCAug 13, 29, 11:59 PM UTC
Trends
Related Markets
Related questions for context, not a comparison of equivalent contracts.
Rules
This market resolves to YES if Air Baltic Corporation A.S. experiences a default event on its 14.5% EUR bonds (ISIN: XS2800678224, also known as "AIR BALTIC C 24/29 REGS") at any point from market creation until the bond's maturity date of August 14, 2029.
- For the purpose of this market, a "default event" is defined as any of the following:
- Failure to make a scheduled quarterly interest payment or principal repayment when due, beyond any applicable grace period specified in the bond indenture
- Filing for bankruptcy protection by Air Baltic Corporation A.S. Announcement of a debt restructuring that modifies the bond terms unfavorably for bondholders, including extending maturities, reducing principal, or lowering the 14.5% coupon rate
- Any event that triggers the cross-default provisions in the bond indenture