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The most notorious sovereign debt deal of in living memory was a bond issue by the country of mosambiqe. They issue these bonds and then immediately get stolen, basically by various mosambicon government officials. The biggest bank involved agreed to pay out 475 million dollars just to avoid an extradition attempt from osan big andrew perse. And whenever russian banks got involved, they would run afoul of their own laws because there is no good reason for them to do it.