logo
episode-header-image
Mar 2022
47m 59s

Here’s How Messy a Russian Bond Default ...

bloomberg
About this episode

There’s a big question over whether Russia will be able (or willing) to make payments on billions of dollars it’s borrowed from investors given its current situation. Not only does the country have a history of previous major defaults, but some of its outstanding bonds are also structured kind of strangely. On this episode of the Odd Lots podcast, Tracy Alloway and Joe Weisenthal speak with University of Virginia law professor Mitu Gulati and University of North Carolina's Mark Weidemaier. They describe how odd some Russian bonds are and what might happen after default.

See omnystudio.com/listener for privacy information.

Up next
Nov 24
Ray Dalio on the Five Forces That Make This a Historical Moment
<p>You're not imagining it. This really is a moment of tremendous historical change. Various forces are all aligned right now and reshaping how the world operates. That's the view of Ray Dalio, the founder of Bridgewater Capital, the world's biggest hedge fund. While&nbsp;<em dat ... Show More
58m 6s
Nov 23
Risky Business Preview
<p>Here&rsquo;s a preview of another podcast we enjoy, Risky Business with Nate Silver and Maria<br>Konnikova. Risky Business is a weekly podcast about making better decisions. Hosted by<br>journalist and psychologist Maria Konnikova and data analyst and election forecaster Nate< ... Show More
3m 45s
Nov 22
Why America's Cattle Ranchers Keep Getting Squeezed
<p>The country's cattle herd has shrunk to its smallest size in decades and beef prices have been soaring this year, with hamburgers and steaks becoming the latest flashpoints in the political debate over higher food prices. In this episode, we untangle the roots of declining dom ... Show More
43m 20s
Recommended Episodes
Aug 2023
Private Debt Defaults Accelerate; China’s Bond Mess
Companies that borrowed from private markets are struggling to pay as interest rates surge, according to Bloomberg News’ Kat Hidalgo. There’s more distress to come amid record levels of fundraising and ever-increasing deal sizes, Hidalgo says. In this episode of the Credit Edge P ... Show More
34m 20s
Jun 2022
Russia heading for first default in decades
<p>Russia is on course to default on its debt for the first time since 1998, and Credit Suisse has become the first domestic bank to be found guilty of a corporate crime after a court found the lender failed to stop the laundering of Bulgarian drug money. UK travel chaos could wi ... Show More
9m 35s
Aug 2023
Loan Defaults Outpace Bonds; Country Garden Woes
Companies with floating-rate debt are feeling the pain of higher interest costs as leveraged loan defaults outpace that of junk bonds, Bloomberg News’ Jill Shah, says. The one-year default rate for US loan borrowers has soared to 4%, an analysis by Morgan Stanley shows. Also on t ... Show More
24m 40s
Nov 2017
Ross Says He 'Will Probably Sell Stake' in Putin-Linked Company
Francine Lacqua sits down for a conversation with U.S. Commerce Secretary Wilbur Ross following reports of Russia linked investments. Then, Michael McKee discusses NY Fed President William Dudley's recent retirement announcement. Prior to that, Jonathan Golub, Credit Suisse Secur ... Show More
31m 37s
Jul 2023
Distressed Creditors Play Nice; Telecoms in Focus
Carvana is a rare case of lenders working together to agree restructuring terms and could be a blueprint for other distressed debt situations, according to Bloomberg News’ Erin Hudson. The used-car seller won a second chance by eliminating $1.2 billion of debt, but it still faces ... Show More
21m 52s
Mar 2022
Special Episode: Sanctions, Bonds and Currency Markets
<p>With multiple countries now imposing sanctions, investors in Russian government bonds and currencies will need to consider their options as the risk of default rises.</p><p><br></p><p><em>Important note regarding economic sanctions. This research references country/ies which a ... Show More
8m 28s
Mar 2022
Commodities prices soar over Russia supply fears
<p>Western brands flee Russia, global commodities soar as Putin intensifies his attack on Ukraine, and the US announces new sanctions on Russian oligarchs and their families. Plus,&nbsp;Accenture, McKinsey and Boston Consulting Group are the latest companies to flee or suspend op ... Show More
10m 4s
Feb 2022
BP to sell its stake in Russia’s state oil company Rosneft
<p>BP plans to divest its stake in Russia’s state-oil company Rosneft, Norway’s $1.3tn oil fund plans to sell out of Russia and US and Western allies to impose sanctions on Russia’s central bank and cut some lenders from Swift. Plus, shares in cybersecurity companies rise as comp ... Show More
10m 33s