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New York Bills Aim to Cut 9% Interest Rate on Defaulted EM Debt

(Bloomberg) New York state lawmakers are moving to change a decades-old law that sets a 9% interest rate on defaulted sovereign emerging-market bonds.Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteSpeedier Wall Street Trades Are Putting Global Finance On EdgeOne of the Last Big Bears on Wall Street Turns Bullish on US StocksSaudi Crown Prince Postpones Japan Trip Over King’s HealthHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyState Senator L ....

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