BlackRock Is Among Russia Bond Holders Tangled in $15 Billion Rout
- Capital Group, Legal & General also top holders of dollar debt
- Rout wiped out 45% of the bonds’ market value this week
Blackrock headquarters in New York.
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
BlackRock Inc., Capital Group Companies and Legal & General Group Plc are the top holders of Russia’s dollar bonds, which lost almost half their value this week, according to data compiled by Bloomberg.
BlackRock, the world’s biggest asset manager, has about $1.5 billion of the $33 billion of bonds outstanding, according to the data. Capital Group and Legal & General are the second and third biggest investors, with holdings of $283 million and $272 million, respectively. The firms didn’t immediately comment on the data when contacted by email earlier today.