Russia redeeming samurai bonds in roubles will be seen as default - JBIC head
TOKYO (Reuters) - 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)
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