The Ministry of Finance paid the coupon on Eurobonds maturing in 2035

The Ministry of Finance transferred 9.8 billion rubles to the National Settlement Depository (NSD). to pay coupon income on Eurobonds maturing in 2035, should from the ministry’s message.

“Funds for paying coupon income on external bond loans of the Russian Federation with a maturity date of 2035 in the amount of 9.8 billion rubles. (equivalent to $102.0 million) were received by the paying agent for Eurobonds,” the Ministry of Finance said in a statement.

On September 21, the Ministry of Finance announced that it had fully fulfilled its obligations in the amount of 6.3 billion rubles. for payments on Eurobonds maturing in 2029.

In the summer of 2022, Russian President Vladimir Putin signed a decree according to which the Ministry of Finance must fulfill its obligations on government bonds in rubles in an amount equivalent to their value in foreign currency at the rate of the Russian foreign exchange market.

September 9 Putin signed Decree on the revised procedure for payments on Eurobonds of the Russian Federation. In accordance with it, the remaining part of the funds after transfers in favor of the owners of Eurobonds of the 1st and 2nd groups is credited by NSD to a special account of type “I”, from which payments will be made in the future to the owners of the 3rd group, to whom it is not possible to transfer funds within the framework of standard procedures due to the failure of foreign settlement and clearing organizations to fulfill their obligations.

Owners of Eurobonds of the 3rd group will be able to receive their payments within 90 days in Russian rubles at the Central Bank exchange rate on the date of actual payment of funds. After 90 days from the date of the next payment on Eurobonds, payments from the “I” account will be made in the corresponding foreign currency in which the Eurobond obligations are denominated.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button