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MGF MFS Government Markets Income Trust

3.1019
-0.0031 (-0.10%)
Last Updated: 15:11:01
Delayed by 15 minutes
Share Name Share Symbol Market Type
MFS Government Markets Income Trust NYSE:MGF NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.0031 -0.10% 3.1019 3.1019 3.09 3.09 1,904 15:11:01

Russia Bank Group Head: No Debt Reschedule Plan Submitted To Government

10/02/2009 7:49am

Dow Jones News


MFS Government Markets I... (NYSE:MGF)
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Russia's Association of Regional Banks Tuesday denied a report in a Japanese newspaper claiming it had asked the government to press foreign banks to reschedule loans worth up to $400 billion.

The article appeared in the Nikkei daily and initially fueled a resurgence of risk aversion in financial markets.

But Banking Association head Anatoly Aksakov said no debt rescheduling plan had been - or would be - submitted to the government.

Aksakov told Dow Jones Newswires that the $400 billion figure referred to Russian companies' total foreign debt for the next five years, adding that government reserves and sovereign wealth funds contain around $600 billion, allowing Russian firms not to worry about rescheduling debt.

-By Jacob Gronholt-Pedersen and Andrew Langley, Dow Jones Newswires; +7 495 937 8445; jacob.pedersen@dowjones.com

 
 

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