Warning: A Dangerous Subversive: 1% of comments CoCed
-
‘Fire sale’ as investors scramble for exit from Russian bonds
Default is looming for a country that was once counted among the safest bets in emerging markets. Russia has around $38.5bn of bonds denominated in hard currency. Two — a $3bn 4.875% September 2023 bond and a $1.5bn 5.875% September 2043 bond — had coupons due on 16 March. Combined, the sovereign was to pay $117m. Russia’s ministry of finance said that it has made the payment to its paying agent, Citibank. As yet, Citibank has not confirmed receipt and investors have not received their funds. If the coupons have not been paid within 30 days, Russia will be considered in default. Anton Siluanov, Russia’s ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Mar 17, 2022 11:58am Mar 17, 2022 11:58am
- RossEdwards
- Joined Jun 2019 | Status: Member | 3299 Comments
- Comment #2
- Quote
- Mar 17, 2022 12:24pm Mar 17, 2022 12:24pm
- Wouldchuk
- | Joined May 2016 | Status: Member | 20 Comments
- Comment #3
- Quote
- Mar 17, 2022 2:09pm Mar 17, 2022 2:09pm
- MoneyZilla
- Joined Dec 2015 | Status: Suuka Maadik | 359 Comments
Maadik Hugiis. IQ 69.
- Comment #4
- Quote
- Mar 17, 2022 5:27pm Mar 17, 2022 5:27pm
- webizone
- | Joined Mar 2014 | Status: Member | 60 Comments