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MOSCOW, June 20 /ITAR-TASS/. Russia is due to get $75 million in coupon yield on Ukraine's Eurobonds on Friday.
RF Deputy Minister of Finance Sergey Storchak stated on June 17, "Of course, we expect from Ukraine a coupon yield payment on June 20 in repayment of the December issue of Eurobonds".
This past Thursday, Ukraine's Finance Ministry announced that it paid a coupon yield on the bonds of the 2013 foreign national loan amounting to $73.333 million. It was emphasized that this referred to the bonds issued in December last year totaling $3 billion with retirement in 2015 at 5% at annum.
At the end of 2013, Russia decided to invest up to $15 billion in Ukraine's Eurobonds and fully bought out the first December tranche of $3 billion.
Vladimir Osakovsky, BofA MerrillLynch chief economist for Russia and the CIS (Commonwealth of Independent States), believes that a failure to make a coupon yield payment in full "would bring about a cross-default on debt liabilities of Ukraine, which would greatly complicate the country's life". He said Kiev has available all the necessary resources for the payment of $75 million.
Itar-Tass reported earlier that on June 17 Ukraine's Finance Ministry made a coupon yield payment on the bonds of the 2011 foreign national loan in an amount of $39.063 million.