News is trickling in on this right now (gaining steam on Twitter), looks like mainstream sources haven't picked it up yet or are downplaying. Here You can find DMSA's press release, http://www.dmsa-agentur.de/pressemitteilungen
From what I gather, a $148 million offshore bond payment due "today" still hasn't been paid, triggering formal bankruptcy proceedings against the company. What is not clear to me are the timezones when these payments are due by, considering they've been making last-hour payments on recent payments due. If this is true though, it could have some pretty strong short term shocks for the market.
For now treat this with a grain of salt until more verification and information. Either way, buckle up.
Submitted November 10, 2021 at 11:28AM by DontMicrowaveCats https://ift.tt/3wCDJ0i
