Brazil's OGX misses $45 mln payment on bond

SAO PAULO Tue Oct 1, 2013 9:08am EDT

SAO PAULO Oct 1 (Reuters) - OGX Petróleo e Gas Participações SA missed a $45 million interest payment due on Tuesday, moving the debt-laden Brazilian oil producer closer to the largest Latin American corporate debt default ever.

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

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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