The Russia’s creditors They are keeping an eye on a bond payment due Monday as doubts remain over whether the government will continue to meet its debt obligations in the face of tough sanctions imposed following Vladimir Putin’s invasion of Ukraine. It is one of many payments looming on Russia’s tight schedule on debt issued […]
Tag: russian debt
Fears grow of Russian default with plan to pay bonds in rubles
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$117 million coupon payments on two dollar-denominated bonds due Wednesday are being processed, Finance Minister Anton Siluanov reiterated that there is a risk the […]
Russia says it ordered payment of its debt, but does not guarantee payment for sanctions
Russia assured that it has given the order to pay the interest on its debt in dollars that was due this Wednesday, US$ 117.2 million, although it has specified that it cannot guarantee that the final creditor will receive the payment due to the impact of the sanctions imposed on that country for the invasion […]
Pimco could lose billions if Russia defaults on its debt
If Russia defaults on its debt, due to sanctions imposed by the US and Europe, it could take the fund manager Pimco down the road. Since he himself has a derivatives bet of at least $1.1 billion and owns $1.5 billion in Russian sovereign bonds, according to Joe Rennison and Brooke Masters in the Financial […]