Owners of Russia’s Promsvyazbank subordinated debt face write-off risks
14 Dec Owners of Russia’s Promsvyazbank subordinated debt face write-off risks
Posted at 14:53h
in
News
by KMFSLLP
MOSCOW, Dec 15 (Reuters) – Up to $1.13 billion worth of
subordinated bonds held by investors in Russia’s Promsyvazbank
are at risk of being written off if the central bank follows the
precedent set by previous bailouts this year.
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