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.
Ivory Coast missed a Dec. 31 coupon payment on its 2.5 percent dollar-denominated Eurobonds, Thierry Desjardins, who helped negotiate two debt restructurings in the past 12 years on behalf of the London Club of creditors, said by phone from Paris...
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