China’s cash-squeezed Country Garden faces another dollar coupon deadline
By Xie Yu HONG KONG (Reuters) – Embattled Chinese property developer Country Garden faces yet another liquidity test with Monday’s deadline to pay $15 million in interest linked to an offshore bond,…
Leader of $9 Million Scheme to Defraud Prescription Drug Coupon Programs Sentenced to Over 17 Years in Federal Prison
Miami, Florida – Today, William Clero, 45, a resident of Miami, Florida, was sentenced by U.S. District Judge K. Michael Moore to 210 months in prison. Clero had previously pleaded guilty to…
Chinese developer Sunac misses bond coupon payment as grace period ends-sources
HONG KONG -Some of Sunac China’s bondholders had not received coupon payments from the property developer on a $750 million offshore bond by the close of Asia business on Wednesday when a…
Santa Clarita Man Agrees to Plead Guilty to Securities Fraud for Bilking Investors Who Purchased Real Estate ‘Coupon Bonds’
LOS ANGELES – A Santa Clarita resident who invested in real estate and sold “coupon bonds” that promised regular interest payments on top of principal repayment has agreed to plead guilty…
China Evergrande gains six-month extension for Hengda onshore coupon payment
HONG KONG – China Evergrande Group’s flagship unit Hengda Real Estate Group Co Ltd said its creditors have approved a six-month extension of a 574 million yuan ($88 million) coupon payment for…
Severstal to apply for special licence after Eurobond coupon payment frozen
– Russian steelmaker Severstal said on Wednesday it would apply for a special licence to process a Eurobond coupon payment that Citibank froze. Severstal, whose main shareholder, Alexey Mordashov, was placed under…
Rouble steadies near 104 vs dollar, Russia pays Eurobond coupon
– The Russian rouble hovered around the 104 mark to the U.S. dollar most of the trading session in Moscow on Tuesday, lacking momentum for larger moves, while government OFZ bonds stabilised…
Russian finance ministry says it has met coupon payment obligations in full
– Russia’s finance ministry on Friday said it had fully met its obligations on paying coupons on dollar-denominated Eurobonds due in 2023 and 2043, and said payment agent Citibank had received the…
China Evergrande meets onshore bondholders over delayed coupon payment
HONG KONG – China Evergrande Group’s flagship unit Hengda Real Estate Group Co Ltd said it will meet onshore bondholders on Friday and Saturday to delay a coupon payment due last September…
Some creditors have received Russian bond coupon payments-sources
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…
Russian rouble rises in low volumes, market eyes coupon payments
-The Russian rouble rose against the dollar in Moscow and offshore trading on Wednesday, although volumes remained thin and other Russian assets continued to be un-tradable. Bombs rained down on Ukrainian cities…
As Russia risks default, country sends order for coupon payments
– The Russian Finance Ministry said on Monday it has sent an order to a correspondent bank for the payment of coupons on eurobonds amounting to $117.2 million, a signal to markets…
China developer Yango, investors agree to delay onshore coupon payment -source
BEIJING – Chinese Developer Yango Group Co Ltd has reached agreement with investors to delay a 40 million yuan ($6.29 million) onshore coupon payment by six months, a source with knowledge of…
Two Miami Residents Plead Guilty for Their Role in $9 Million Scheme to Defraud Prescription Drug Coupon Programs
Miami, Florida – Today, William Clero, 45 and Cesar Armando Perez Amador, 52, residents of Miami, Florida, pleaded guilty in U.S. District Court in Miami for their participation in a $9 million…
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