Putin's panic as Russia faces latest default test with $2 billion bond deadline today

[ad_1]

Even following the repurchase this amounts to the biggest default test since Russia invaded Ukraine.

If payment is not made on the due date a 30 day grace period begins in which to pay, after which Russia would be deemed in default.

As the bond is nominated in dollars an attempt to pay in rubles would also be counted as default.

Major asset managers such as BlackRock, Axa, Brandywine and Morgan Stanley Investment Management are reportedly among bond holders waiting on payment.



[ad_2]

Leave a Reply

Your email address will not be published.

Previous Story

Arthritis: ‘High tea consumption had an inverse association to the risk of RA’ says study

Next Story

Princess Diana 'loved eating lychees' full of antioxidants – 'would eat a whole bowlful'

Latest from Blog

withemes on instagram