Russia could be headed for its first foreign-currency debt default in more than a century if it goes ahead with a plan to pay interest on dollar bonds in rubles. While US$117 million coupon payments on two dollar-denominated bonds due Wednesday are being processed, Finance Minister Anton Siluanov reiterated that there is a risk the […]
Tag: russian bonds
Doubts of possible default hang over Russian bond market
The big question now facing Russian debt holders is whether they will ever get their money back. The government is paying the coupons on its bonds for now, but with the war in Ukraine and foreign reserves frozen, it’s unclear how or when investors will receive their cash. Despite the central bank calling the ban […]