Latvia’s Baltic Dairy to skip bond coupon due Oct. 28

By Susanna Moon

Chicago, Oct. 9 – Baltic Dairy Board, Ltd. plans to skip its coupon due Oct. 28 on its bonds, according to a notice.

Baltic Dairy is planning to start production in November on raw materials for companies operating in the infant and baby food sector, so the payment of the coupon payment would put pressure on company`s cash flow, the release noted.

Instead, the company said it will increase the principal value of one bond by Oct. 28 to €1,411.58.

The issuer is a dairy company based in Bauska, Latvia.

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