Defaulted Foreign Bonds

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

CountryFace value on which interest was defaulted in 1931Additional amounts announced for default in 1932Total
Canada$ 3,320,000b$ 3,320,000
Australia$ 22,000,00022,000,000

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