Top Russian firm cancels key debt obligation amid sanctions - Markets Insider
4/24/2022 12:00:00 AM3 yearsago
by Phil Rosen
by Phil Rosen
Russian lender Sovcombank PJSC canceled $5.81 million of interest accrued on one of its perpetual bonds.
Russian lender Sovcombank PJSC canceled $5.81 million of interest accrued on one of its perpetual bonds, the first firm to make such a move as sanctions continue to impact creditors' ability to make … [+1296 chars]
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