Brazil's OGX misses $45 mln payment on bond

Reuters

SAO PAULO, Oct 1 (Reuters) - OGX Petróleo e GasParticipações SA missed a $45 million interestpayment due on Tuesday, moving the debt-laden Brazilian oilproducer closer to the largest Latin American corporate debtdefault ever.

The company, controlled by embattled Brazilian tycoon EikeBatista, failed to deposit the money in bondholder accounts andplans not to do so during the 30-day grace period it has toremain current on its debt, the company said in a filing.

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