The Ministry of Finance paid a coupon on Eurobonds for 20.9 billion rubles. due in 2030
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Ministry of Finance of Russia listed to the National Settlement Depository 20.9 billion rubles. for the payment of coupon income and part of the nominal value of sovereign Eurobonds with a final maturity in 2030.
The payments were made in accordance with the decree of President Vladimir Putin dated September 9, 2023, which has been approved temporary procedure for the fulfillment of debt obligations under Eurobonds. According to the document, Russia sends an application to a non-bank credit organization to open an “I” type account in rubles in the name of a foreign bondholder. In this case, an account can be opened in the name of several foreign depositories at once.
Next, payments are transferred to Eurobond holders, whose rights are taken into account by the settlement institution itself or its depositors. In this case, the transfer of payments in foreign currency will be carried out at the expense of funds in the currency in which the obligations under the Eurobonds are expressed.
Read more in the Kommersant article. “Foreign investors were sent to “I” accounts”.
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