[Archyde.com]–The Russian Ministry of Finance announced on the 29th that it has fully paid interest on Eurobonds redeemed in 2035. This will be the third interest payment since the sanctions of Western countries raised concerns regarding default (default) of foreign currency-denominated debt.
The ministry has announced that it has paid $ 102 million to the Japan Securities Depository Center, Russia (NSD).
“We have fully fulfilled our obligations to pay government bonds in accordance with the Eurobond prospectus,” he explained.
It is unclear whether the funds were sent to the European international securities settlement agency Euroclear and whether foreign investors were working further to receive interest.
However, according to sources, Correspondent Bank’s JP Morgan Chase did the work.
According to the prospectus, payments will be made through NSD and Euroclear. “If you can’t pay in dollars because Russia is out of control” you might be paid in euros or pounds, Swiss francs or Russian rubles.
Neither NSD nor Euroclear responded to the request for comment.
The next interest payment is $ 447 million with a 31-day deadline. Payment of $ 2 billion in principal is scheduled for April 4. This is the first redemption of principal since the introduction of sanctions and will be the largest payment this year.
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