Russia Default Fears Ease as Key Debt Payments Reach Investors
- Foreign bondholders said they received payments in dollars
- Showed ability to move funds abroad, but default risk remains
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Fears of a bond default by Russia eased after $117 million of interest payments due this week started to reach international investors, promising to temporarily avert a lapse that would have injected even more uncertainty into world credit markets.
Money managers based in the U.K., Germany and the U.S. said on Friday they had received coupon payments on two Russian Eurobonds that were originally due on Wednesday.