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The Vultures Are Circling Russian Debt
Bloomberg Businessweek
Do I Have to Go to Court and Wrest Assets From the Debtor?
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The most extreme scenario in any distressed play is, do i have to try to wrest assets from the debtor? And in this case, they're looking at russian companies that have significant operations in the west. They're clearly hoping to make money in a different way. Either they just get paid out in big fat coupons because they bought when the yields were high,. or they get their money back because actually, loc oil doesn't default.
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