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Financials

Forex firm Travelex to default on coupon payment

May 13 (Reuters) - Currency service provider Travelex said on Wednesday it would default on a 14.4 million euro ($15.6 million) coupon payment on some of its senior notes as it grapples with a hit to earnings amid the coronavirus crisis.

The London-based company, whose parent is Finablr, said it was also exploring a sale, while it talks to lenders and advisers for a long-term solution. ($1 = 0.9225 euros) (Reporting by Pushkala Aripaka in Bengaluru; Editing by Anil D’Silva)

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