Archive Report
Archive Report
Defaulted and Prospective Defaults on Foreign Bonds
Interest on half a billion dollars worth of foreign bonds owned by individual and institutional investors in the United States was defaulted in 1931. Defaults on additional foreign issues of which more than $300,000,000 are in American ownership have been announced for 1932, and further suspensions of payments may develop as the year progresses.
Defaults on American-Owned Foreign Bonds, 1931–32
Country | Face value on which interest was defaulted in 1931 | Additional amounts announced for default in 1932 | Total |
Canada | $ 3,320,000b | $ 3,320,000 | |
Australia | $ 22,000,000 | 22,000,000 | |
Bolivia | 54,423,500 | 54,423,500 | |
Brazil | 104,375,000 | 94,834,000 | 199,209,000 |
Chile | 257,909,500 | 257,909,500 | |
Colombia | 11,230,000 | 108,918,800 | 120,148,800 |
Peru | 68,793,530 | 4,222,000 | 73,015,530 |
Hungary | 85,312,540 | 85,312,540 | |
$500,051,530 | $315,287,340 | $815,338,870 | |
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