The Ministry of Finance paid 13.4 billion rubles. income on Eurobonds maturing in 2028

The Ministry of Finance of Russia transferred 13.4 billion rubles to the National Settlement Depository. to pay coupon income to holders of Eurobonds maturing in 2028, said press office Ministry of Finance.

“Thus, the obligations to service government securities of the Russian Federation have been fulfilled by the Russian Ministry of Finance in full,” the ministry stressed.

June 23 Ministry of Finance informedwhich fully fulfilled its obligations to service Eurobonds maturing in 2027 and 2047, transferring RUB 19.6 billion to NSD.

On June 22, Russian President Vladimir Putin signed a decree on the temporary procedure for payments on bonds of external bonded loans of the Russian Federation. According to the document, Eurobonds are considered executed if the payment is made in rubles for an amount equivalent to the value of obligations in foreign currency.

How explained The Ministry of Finance, the authorities resorted to such a measure in connection with the refusal of foreign counterparties to fulfill their obligations to make payments to service the Russian state debt.

22 May Vladimir Putin signed Decree on the mandatory placement of replacement bonds until January 1, 2024 to fulfill obligations to Eurobond holders.

Earlier today, on June 26, the Ministry of Finance announced a change in the procedure for confirming rights to payments on Eurobonds of the Russian Federation. In department clarifiedthat the new procedure expands the list of documents confirming the rights of Eurobond holders.

Read more about the situation on the debt market in the publication “Kommersant” “Bonds are being placed with constant haste”.

Erdni Kagaltynov