Russia plans to use a new bond payment system that would pay off bondholders in rubles, but who will then receive these payments in dollars or euros. The move comes as Russia tries to avoid sinking in...
Tag: BondPayment
Russia Comes Up With a New Bond-Payment Plan to Avoid Default
(Bloomberg) — Russia is planning a bond-payment mechanism to sidestep US sanctions and a potential default as a grace period ticks down on its latest missed coupons. Most Read from Bloomberg The...