Russia keeping Eurobond payment commitments, says finance ministry

The ministry said it had channelled $102m for the coupon payout on the Eurobond to Russia’s National Settlement Depository .

“The Russian finance ministry has fully executed its obligations to service sovereign securities of the Russian Federation in accordance with the Eurobond prospectus,” the ministry said, without giving details on whether the payment had been sent to Euroclear or processed further to foreign Eurobond holders.

However, a source familiar with the situation said the transaction was processed by correspondent bank JPMorgan Chase. According to the Eurobond prospectus, settlement with investors occurs through the NSD and Euroclear, and “if, for reasons beyond its control, the Russian Federation is unable to make payments in US dollars”, settlement may be in euros, pound sterling, Swiss francs or Russian roubles.In mid-March, Russia paid $117m in interest due on two sovereign Eurobonds and last week another $66m coupon due on another issue. Excluding this Monday’s coupon, Russia has another $4.

Russia’s next payment is on March 31 when a $447m payment falls due. Its biggest payment of the year — and its first full repayment of principal, of $2bn — is due on April 4.

Leadership

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Russian-backed Ukrainian rebel region may vote to join Russia - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Russian-backed eastern Ukrainian rebel region of Luhansk said on Sunday it may hold a referendum on joining Russia, drawing a warning from Kyiv that any such vote would have no legal basis and trigger a stronger international response.
출처: SABCNews - 🏆 37. / 51 더 많은 것을 읽으십시오 »