Some creditors have received Russian bond coupon payments-sources

Reuters

LONDON – Sovereign bond coupon payments that Russia was due to make on March 16 have been received by bondholders, in dollars, two market sources told Reuters on Thursday.

Earlier another source told Reuters that JPMorgan, Russia’s correspondent bank, had received the funds from the government and credited to Citi for paying on to bondholders.

It means Russia has for now dodged a sovereign default that could have been caused by sanctions slapped on to punish it for invading Ukraine.

(Reporting by Sujata Rao and Marc Jones)

tagreuters.com2022binary_LYNXNPEI2G0XU-BASEIMAGE


You appear to be using an ad blocker

Shore News Network is a free website that does not use paywalls or charge for access to original, breaking news content. In order to provide this free service, we rely on advertisements. Please support our journalism by disabling your ad blocker for this website.