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Russia Faces Another Default Review in Crunch Bond Week (1)

A panel of dealers and investors will assess whether Russia failed to fully meet its bond obligations -- putting it in default -- because it didn’t include additional interest of $1.9 million in a late payment made earlier this month.

CORRECT: CREDIT DAYBOOK AMERICAS Therm-O-Disc Dangles Discount

Banks are pushing ahead with a leveraged loan sale to fund the buyout for manufacturer Therm-O-Disc, offering one of the steepest discounts seen this year as they look to lure buyers. Broadcom has obtained commitments from a group of banks for $32 billion of debt to fund its acquisition of VMware in one of the largest technology deals of all time.

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