Monte dei Paschi di Siena (MPS) has cancelled coupon payments on three hybrid loans coming due at the end of the month to meet European conditions for approving a 4.1 billion euro ($5.5 billion) state bailout.
Ivory Coast Finance Minister Charles Koffi Diby, in a letter released on Wednesday, said a weak economy precludes the West African country from making a scheduled coupon payment on its U.S. dollar-denominated sovereign bond.
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