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11%  
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Keyword: bonddefault

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  • Russia again avoids bond default with $447 million payment

    04/01/2022 1:32:16 PM PDT · by marcusmaximus · 47 replies
    NY Post ^ | 4/1/2022 | Ariel Zilber and Lydia Moynihan
    Russia once again avoided a default on its foreign debt as the Kremlin transferred a $447 million bond payment. The payment was processed by JPMorgan, which is Russia’s foreign correspondent bank. It was then transferred to the admin agent, which in this instance is BNY Mellon, sources familiar with the matter told The Post. JPMorgan got the go-ahead from the Biden administration, which imposed sanctions on the Russian economy following President Vladimir Putin’s invasion of Ukraine, before processing the payment, Markets Insider reported. JPMorgan and BNY Mellon both declined to comment when reached by The Post. Holders of Russian bonds...
  • Chinese property developer Fantasia just missed a $206 million repayment deadline, a sign that China's real estate woes extend beyond Evergrande

    10/04/2021 9:22:27 PM PDT · by blueplum · 20 replies
    Business Insider ^ | 04 October 2021 | Matthew Loh
    Chinese property developer Fantasia Holdings failed to repay a $206 million bond payment due Monday, said the company, just two weeks after it said it had no liquidity issues. The missed payment adds to the already immense strain on China's real estate sector, which has been left exposed to the $305 billion credit crunch from property giant Evergrande, the most indebted company in the world. Fantasia is worth $415 million, reported Reuters, a drop in the ocean compared to Evergrande's crisis. But its bond default contributes to fears that an imminent major collapse in China's property market could destabilize the...