MinFin transfers funds to NSD to pay coupons in rubles on Russia 2026 and 2036 Eurobonds, substitute bond issues

MOSCOW. May 27 (Interfax) - The Russian Finance Ministry has transferred 5.7 billion rubles or the equivalent of $71.3 million to the National Settlement Depository (NSD) to pay coupon yield on sovereign Eurobonds maturing in 2026 and 2.4 billion rubles or the equivalent of 26.5 million euros to pay coupon yield on 2036 bonds as well as their substitute issues, the ministry said.

NSD, the payment agent, has received the funds, it said.

The MinFin has been making all payments on sovereign Russian Eurobonds in rubles since June 2022.

The Finance Ministry's statement gives codes for both the original issue and the issue placed during the recent sovereign Eurobonds substitution. The substitution was completed in early December 2024, and the May 27 payment is the eighth by the Finance Ministry since then.

Russian Eurobonds worth $20.8 billion at face value, taking into account the amortized structure of Eurobonds maturing in 2030, or 64.2% of the dollar equivalent of the face value of all original issues were substituted. The remaining bonds with a par value of $11.6 billion, also taking into account amortization, continue to trade on the secondary market and are serviced in accordance with the current procedure established by a presidential decree of September 9, 2023.