Russia’s Latest Bond Payment Begins Showing Up for Some Holders
- At least two international bondholders received coupon
- Interest payment on Russia’s 2029 bonds was due March 21
St Basil's Cathedral near Red Square in Moscow.
Source: Bloomberg
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Some holders of a $3 billion Russia bond received an overdue interest payment, signaling that the heavily sanctioned nation will once again sidestep a default.
The $66 million interest payment started showing up in accounts on Thursday, according to two international bondholders, who asked not to be identified because they weren’t authorized to speak publicly. The payment was in dollars, one of the people said. A third bondholder reached Thursday said they had yet to see the payment.