Morgan Stanley lifts Ghana Eurobond ‘recovery’ value to $46 from $41
JOHANNESBURG (Reuters) -Investment bank Morgan Stanley has lifted the average “recovery value” for Ghana’s defaulted dollar-denominated government bonds to $46 from a previous forecast of $41 following the country’s deal to restructure…
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…
Ball in U.S. court on Russian Eurobond payments, Finance Minister says
– The ball is in the United States’ court as to whether payments due on Wednesday on two Russian dollar-denominated Eurobonds will go through, and Washington should clarify whether the settlements are…
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