MOSCOW, June 24. /TASS/: The Russian Finance Ministry has made the coupon payment for Eurobonds mature in 2028 totaling 8.5 bln rubles ($159.4 mln), the Ministry said on Friday.
"The Russian Finance Ministry informs that in accordance with the Executive Order of the President of the Russian Federation dated June 22, 2022 No. 394 "On temporary procedure of performing state debt liabilities of the Russian Federation expressed in sovereign securities with their par value indicated in foreign currency for residents and foreign creditors," funds to pay the coupon yield on bonds of foreign bond loans of the Russian Federation mature in 2028 totaling 8.5 bln rubles (the equivalent of $159.4 mln) were received by the Eurobond payment agent (National Settlement Depository)," the Ministry said.
The new method of Eurobond payments was used. Commitments of servicing Russian sovereign securities were performed in full scope, the Ministry added.
Under the new procedure of Eurobond payments, Russia will transfer the ruble equivalent of the payment amount to the National Settlement Depository. Payments to bondholders will be remitted at the ruble rate to the nominal currency set by the Bank of Russia for the payment date. Holders of Russian Eurobonds have the right to convert ruble payments to any currency and transfer them abroad, the Russian Finance Ministry said.
