MinFin transfers 4.3 bln rubles to NSD to pay coupon on Russia 2026 Eurobond

MOSCOW. Nov 30 (Interfax) - The Russian Finance Ministry, in line with a June 22 presidential decree, has transferred 4.3 billion rubles, the equivalent of $71.3 million, to the National Settlement Depository (NSD) to make coupon payments on Russian sovereign Eurobonds maturing in 2026, the Finance Ministry said.

The NSD, as the paying agent on these bonds, has received the funds, and thus, obligations to service Russia's government securities are fulfilled in full, the ministry said.

The June 22 presidential decree approved a new procedure for servicing foreign sovereign debt. According to the new arrangement, all payments on Russian Eurobonds will be made in rubles. The Finance Ministry transferred rubles to the NSD at the end of June to make coupon payments on three Russian Eurobond issues within the framework of this procedure, the dollar-denominated issues Russia 2027, Russia 2047, and Russia 2028. The ministry transferred payments to the NSD in rubles in the fall for dollar-denominated Eurobonds maturing in 2023, 2043, 2029, 2035, 2030, and 2042, as well as for two issues denominated in euros, Russia 2027 and Russia 2032.