Payment agent for Evraz Eurobonds informs company of transfer of coupon payment

MOSCOW. March 22 (Interfax) - The payment agent for Evraz Eurobonds maturing in 2023 has notified the company about the transfer of the coupon payment, which was previously blocked by the correspondent bank due to sanctions compliance grounds, which potentially threatened the company with the risk of default.

Evraz said that Bank of New York Mellon informed the issuer that the regular coupon payment, which was due on March 21, has been transferred to the corresponding paying agent account.

Evraz also notes that it intends to meet its obligations under the 2024 Eurobond in full, with these payments due on April 4.