link : Russia Pays Bond interest Payment Avoiding Default
Russia Pays Bond interest Payment Avoiding Default
Russian Central Bank, © E. O./Shutterstock/FOTODOM
Moscow Times: Russia Makes Bond Payment, Avoids Default – Finance Ministry
Russia has completed a closely watched bond payment, the Finance Ministry said Thursday, avoiding what would have been the country’s first default on its foreign debt obligations in more than a century.
“A payment order for the payment of coupon income on the Russian Federation’s external bond loans … in the total amount of $117.2 million … was sent to a foreign correspondent bank on March 14, 2022 and has been executed,” the Finance Ministry said in a statement.
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Update #1: Russia says it made a payment to avoid default (CNN)
Update #2: Russia claims to have ordered crucial bond payment as it seeks to avoid historic debt default (CNBC)
WNU Editor: The payment has been confirmed .... Russian sovereign bond payment received by JPMorgan and processed -source (Reuters). It is not over yet. There are more payments that need to be made in the coming weeks.
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