Domodedovo Airport Debt Burden Management
2025
Debt Management
key aspects
On December 11, 2025, the general meeting of bondholders of DFF LLC, the issuer of the exchange-traded bonds, adopted the following resolutions:

to postpone the bond maturity date by one year;

to deem the grounds for acquisition of the exchange-traded bonds under public offers made by companies of the Domodedovo Group to have not occurred, including retroactively;

to deem the grounds for acquisition of the exchange-traded bonds under public offers made by companies of the Domodedovo Group in the future to have not occurred.

On December 15, 2025, the amendments to the issuance resolution were registered, marking the successful completion of the restructuring.
For the first time in market history, a liability management transaction took place
LECAP’s Role
  • Developing the transaction terms and the debt management mechanism.

  • Negotiating with anchor investors.

  • Performing the functions of bondholders’ representative.

  • Comprehensive support for amendments to the resolution on the issuance of exchange-traded bonds.

  • Supporting the preparation of documentation for the purposes of convening the general meeting of bondholders.

LECAP’s coordinated and prompt work, together with the issuer, Moscow Exchange and NSD, made it possible for the parties to reach an agreement before the originally established bond maturity date.

Project Significance

Conducting the liability management transaction made it possible to extend the bond term amid the search for a strategic shareholder and the reform of the corporate governance system and business processes of the Domodedovo Group.

Key product modules used in implementing the project
All products