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Finance Ministry Says $649.2m Eurobond Repayment Was Made in RUB After Rejection

RUSSIA
  • Russian Finance Ministry says it had to pay roubles to holders of 2022 and 2042 Eurobonds as foreign bank rejected to process FX payment in amount of $649.2 mln
  • Foreign bank rejected Russia’s order for coupon payout on Eurobonds maturing in 2022 and 20242
  • Says it has transferred funds for payments on Eurobonds to Russian national settlement depository
  • Says foreign bank also rejected Russia’s order to pay face value of 2022 Eurobonds to its holders
  • Russia may consider allowing foreign holders of 2022 and 2042 Eurobonds to convert rouble payments to forex once Russia’s access to its forex accounts is restored
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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