Russia makes Eurobond ruble payment offer, market fears of default soar
Russia's finance ministry previously promised to pay off Eurobond, a $2 billion debt that matures on April 4. However, the Russian Finance Ministry offered on Tuesday (March 29) to use rubles to buy back the dollar bonds maturing next week.
The so-called Eurobond, not specifically referring to the Eurozone bonds, refers to a government, financial institutions and industrial and commercial enterprises in the international market in a freely convertible third-country currency denominated and debt-servicing bonds, the coupon amount currency is not the local currency of the issuing country.
Bondholders should submit their requests to sell their holdings to the Russian State Settlement Depository between 13:00 GMT on March 29 and 14:00 GMT on March 30, the Russian Finance Ministry said on Tuesday.
- UK for Money Market Update: New UK PM unveiled, but markets worry about the country's high fiscal risks
- By 7 Sep,2022
- August 31 currency market watch: technical analysis of the euro, the pound and the yen
- By 31 Aug,2022
- Gas Ruble Settlement Mechanism Enters Into Force Four European Buyers Have Bought Russian Gas in Rubles
- By 29 Apr,2022
- Losing confidence in Johnson, three UK ministers offer to resign! Pound's outlook worries after hitting 20-year low
- By 6 Jul,2022
- April 13 financial breakfast: the dollar continued to strengthen, gold hit a new high of nearly a month, oil prices rose more than 7% rose to the 100 mark
- By 14 Apr,2022
- USDJPY stands at 114 mark as Japan is about to launch a new stimulus package
- By 27 Oct,2021