23 Jun 2022, 11:29

Russian Finance Ministry paid Eurobond coupon in rubles

Commitments of servicing sovereign securities of the Russian Federation were performed by the Russian Finance Ministry in full scope, the statement reads

Russian Finance Ministry Mistervlad/Shutterstock/FOTODOM

Russian Finance Ministry

© Mistervlad/Shutterstock/FOTODOM

MOSCOW, June 23. /TASS/. The Russian Finance Ministry has honored commitments under Eurobonds mature in 2027 and 2047 totaling 12.51 bln rubles ($234.89 mln), the Ministry said on Thursday.

"The Russian Finance Ministry informs that in accordance with the Executive Order of the President of the Russian Federation dated June 22, 2022 No. 394 "On temporary procedure of performing state debt liabilities of the Russian Federation expressed in sovereign securities with their par value indicated in foreign currency for residents and foreign creditors." Funds to pay the coupon yield on bonds of foreign bond loans of the Russian Federation mature in 2027 and 2047 totaling 12.51 bln rubles (the equivalent of $234.85 mln) were received by the Eurobond payment agent (National Settlement Depository)," the Ministry said.

The new method of Eurobond payments was used. "Therefore, commitments of servicing sovereign securities of the Russian Federation were performed by the Russian Finance Ministry in full scope," the Ministry added.

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