Your English writing platform
Discover LudwigExact(23)
Ratings agencies have said that a bond repayment that materially disadvantages bondholders would be considered a default.
Without further aid, Greece is almost certain to default when a bond repayment of €14.4 billion comes due in March.
In its short statement announcing the bond repayment, Parmalat did not give any other information about its financial health.
Any further delays will leave Cyprus uncomfortably close to the €1.4bn international bond repayment due on June 3rd.
Cyprus, the fourth euro zone country to need a bailout, faces a bond repayment of about €1.4 billion, or $1.8 billion, in June.
Without that next payout, the nation is almost certain to default when a bond repayment of 14.4 billion euros ($18.7 billion) comes due in March.
Similar(37)
Later that year, TRI defaulted on $375 million in bond repayments.
It faces various bond repayments in March and more in the summer.
Instead, they say, it is December, when around €2.9 billion in bond repayments are due.
This year's $2.9 billion surplus has gone; it was spent on reducing next year's deficit and paying bills and bond repayments.
Putting off bond repayments for a few years would mean that the official rescue funds would last longer.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com