Brazil’s troubled OGX firm skips key interest payment

By AFP
Published on
Brazil’s troubled OGX firm skips key interest payment (via AFP)

Brazilian magnate Eike Batista’s troubled oil firm OGX said it was foregoing a $44.5 million interest payment due Tuesday as it scrambled to avoid debt default. The company said in a note sent to the market that it opted not to pay because it “is in…

Leave a Comment