Ukrainian Railways says intends to pay Jan coupons on its Eurobonds

MOSCOW. Jan 10 (Interfax) - Ukrainian Railways, a Ukrainian state-owned railway operator, intends to pay January coupons on its Eurobonds for $594.9 million maturing on July 9, 2026 and for $300 million maturing on July 15, 2028, Ukrainian media quoted the company as saying in a statement on its website on Thursday.

"The company now has better expectations of implementing the tariff increase, though no agreement on this has been reached to date. Therefore, the company has decided to make coupon payments on Eurobonds [...] in order to maintain constructive relations with the Eurobond holders," the statement said.

"This decision will also give the company some extra time to draw up a more comprehensive Eurobond solution," it added.

The company said earlier that it had decided to capitalize interest on the 2026 Eurobonds with a rate of 8.25% for $108.28 million, raising this issue to $703.18 million, while on the 2028 Eurobonds with a rate of 7.875% for $51.9 million, bringing the issue to $351.9 million.