Russia Central Bank Won’t Pay Interest On Bonds To Foreign Investors (Technical Default)
Today’s news reminds me of the 1998 Russian financial crisis when I worked at Deutsche Bank.
Today, the Russian Central Bank has decided not to pay interest on bonds worth US $ 29 billion to foreign investors (technical default). Russia’s 5.1% international bond fell from ABOVE par to 22.5.
https://www.investmentwatchblog.com/russia-central-bank-wont-pay-interest-on-bonds-to-foreign-investors-technical-default/