Skip to main content
Best News Website or Mobile Service
 
WAN-IFRA Digital Media Awards Worldwide
Best News Website or Mobile Service
 
Digital Media Awards Worldwide
Hamburger Menu

Advertisement

Advertisement

Business

Russia redeeming samurai bonds in roubles will be seen as default - JBIC head

Russia redeeming samurai bonds in roubles will be seen as default - JBIC head

FILE PHOTO: A man walks past a sign of Japan Bank for International Cooperation (JBIC) at it's headquarters in Tokyo, Japan June 6, 2016. REUTERS/Toru Hanai

TOKYO : Russia's Gazprom will likely be considered as defaulting on its debt if it redeems yen-denominated samurai bonds in roubles, Tadashi Maeda, governor of state-affiliated Japan Bank for International Cooperation (JBIC), said on Wednesday.

As of March 2021, JBIC offers guarantees to about 65 billion yen ($550 million) worth of yen-denominated samurai bonds issued by Gazprom, Maeda told parliament.

($1 = 118.2600 yen)

(Reporting by Leika Kihara; Editing by Jacqueline Wong)

Source: Reuters
Categories

Advertisement

Also worth reading

Advertisement