Euroclear

RBI seeks feedback on settling Indian bonds via Euroclear

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RBI seeks feedback on settling Indian bonds via Euroclear

Mumbai: The Reserve Bank of India (RBI) has been making informal inquiries with select bond market participants about the impact of allowing settlement of domestic sovereign debt on the Euroclear platform, a move that experts believe would help expand the overseas investor base for local debt and eventually lower borrowing costs through inclusion of these … Read more

Putin aims to avert defaults with Rouble payment to creditors

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Putin aims to avert defaults with Rouble payment to creditors

Russia and Russian companies will be allowed to pay foreign creditors in roubles, according to a decree signed by President Vladimir Putin on Saturday, as a way to stave off defaults while capital controls remain in place. The decree establishes temporary rules for sovereign and corporate debtors to make payments to creditors from “countries that … Read more