Russian Finance Ministry pays $102M coupon on sovereign Eurobonds

The Finance Ministry of Russia has completely fulfilled its obligations to pay a $102 million coupon on sovereign Eurobonds maturing in 2035, Report informs via RIA Novosti.

The National Settlement Depository of Russia received funds to pay income on Eurobonds of this issue on March 28.

"Thus, the obligations to service government securities of the Russian Federation have been met in full by the Russian Finance Ministry in accordance with the issue documentation for Eurobond issues," the ministry said.

Russian Finance Minister Anton Siluanov previously said that for Russian Eurobonds issued since 2018, the issuance documents provide for the possibility of making payments in rubles at the exchange rate of the Bank of Russia on the date of payment.