Russia redeeming samurai bonds in roubles will be seen as default - JBIC head

FILE PHOTO: A man walks past a sign of Japan Bank for International Cooperation (JBIC) at it's headquarters in Tokyo, Japan June 6, 2016. REUTERS/Toru Hanai

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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