玻璃坊2022-06-27 21:43:07

Russia slides into historic debt default as payment period expires

  1. Interest payments totaling $100 million were due on May 27 and subject to grace period which expired on Sunday night. 
  2. Sweeping sanctions imposed by Western powers in response to Russia’s invasion of Ukraine, along with countermeasures from Moscow, have effectively ostracized the country from the global financial system.
  • https://www.cnbc.com/2022/06/27/russia-on-the-brink-of-historic-debt-default-as-payment-period-expires.html
  • Russia has entered its first major foreign debt default for over a century, after a grace period on two international bond payments lapsed on Sunday night.

    Interest payments totaling $100 million were due on May 27 and subject to a grace period which expired on Sunday night. Several media outlets have reported that bondholders have not received the payments, after Russia’s attempts to pay in its ruble currency were blocked by international sanctions.

  • The Kremlin has rejected the claim that Russia is in default, with spokesperson Dmitry Peskov reportedly telling a press call this morning that Russia made the bond payments due in May but they have been blocked by Euroclear due to Western sanctions, rendering the non-delivery of payments “not [Russia’s] problem.”

  • Decades of default?

    Timothy Ash, senior emerging market sovereign strategist at Bluebay Asset Management, said while the default might not have much immediate market impact, Russian sovereign longer maturity eurobonds that were trading at 130 cents before the invasion have already crashed to between 20 and 30 cents, and are now trading at default levels.

    “Indeed, Russia likely already defaulted on some ruble denominated instruments owed to foreigners in the weeks just after the invasion, albeit having pulled their ratings, the ratings agencies were not able to call this a default,” Ash said in a note Monday.

thrawn2022-06-27 21:57:30
俄罗斯说可以开卢布支付账号。现在卢布涨的很高可能会有吸引力
Redcheetah2022-06-27 22:03:49
搶那麼多地方早就違約了
玻璃坊2022-06-27 22:07:36
1)怎么付bond俄罗斯说了不算;2)所谓的“卢布高涨”是因为不能自由兑换
5477882022-06-27 22:13:35
跟打仗比,这个违约不足挂齿
thrawn2022-06-27 22:19:57
1)这的确是个美国制造得人造违约。最后只能看投资者如何想。是不要了还是接受卢布 2)卢布可以换别的货币
21-C2022-06-28 13:42:30
城管把一个有信誉的商家送的货没收了,又把商家补货的路封了,这时商家再提议以货抵货。无论如何商家的诚意在,失信的是城管
玻璃坊2022-06-28 17:53:15
穆迪: 俄罗斯债务利息支付受阻构成违约