The two bonds traded at $.28 on the dollar earlier this week.
I wonder who owns a lot of this debt?
A quick history lesson. At the demise of the USSR, Russia assumed all the of the debt. Very little was paid off but what they did pay, bought a lot of influence.
At this point vulture investors hoping to seize overseas assets. Or is Chelsea Clinton’s loser husband back in the business of gambling with junk sovereign debt?
That seems a bit more than they are worth.