Russia Judged to Have Breached Terms on Bond Payment bloomberg-markets-european-close June 1st, 2022, 5:45 PM GMT+0200 The Credit Derivatives Determinations Committee said a “failure-to-pay” event occurred on credit-default swaps because Russia didn’t include $1.9 million of additional interest in a late bond payment made at the start of last month. The ruling triggered an insurance payout potentially worth billions of dollars. Bloomberg Intelligence's Damian Sassower has more on "Bloomberg Markets: European Close." (Source: Bloomberg)

 

Russia Judged to Have Breached Terms on Bond Payment

• bloomberg-markets-european-close

June 1st, 2022, 5:45 PM GMT+0200

The Credit Derivatives Determinations Committee said a “failure-to-pay” event occurred on credit-default swaps because Russia didn’t include $1.9 million of additional interest in a late bond payment made at the start of last month. The ruling triggered an insurance payout potentially worth billions of dollars. Bloomberg Intelligence's Damian Sassower has more on "Bloomberg Markets: European Close." (Source: Bloomberg)