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As with previous mini-bond collapses, there was a warning sign in the form of a late interest payment earlier in the year.

www.telegraph.co.uk

We are looking at hundreds of millions of dollars in late interest payment penalties.

www.chicagotribune.com

But the principal arrears were $10.31 billion; interest arrears $4.45 billion and late interest $5.18 billion.

www.vanguardngr.com