Russia makes early debt payment dash to dodge default – Reuters.com
- Date: 20-May-2022
- Source: Reuters
- Sector:Financial Services
- Country:Gulf
Russia makes early debt payment dash to dodge default – Reuters.com
LONDON, May 20 (Reuters) - Russia sent funds to pay interest on two of its international bonds on Friday in an attempt to stave off sovereign default ahead of the expiration next week of a key U.S. licence that allows such transfers.
The finance ministry said it channelled $71.25 million to pay coupons on dollar-denominated Eurobonds maturing in 2026 and 26.5 million euros ($28 million) on euro-denominated notes due in 2036 . read more
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