Russia Pays 8.6B RUB Coupon on 2035 Eurobonds
The Ministry of Finance transferred 8.6 billion rubles (equivalent to $102 million) to the National Depositary to pay coupon interest on sovereign eurobonds with a maturity date of 2035, as well as on the replacement issue of these eurobonds, the ministry reported.
Consensus
- The Russian Ministry of Finance paid 8.6 billion rubles (equivalent to $102 million) in coupon payments for sovereign eurobonds maturing in 2025.
- The payment was made to the National Clearing Depositary (NCD) as the payment agent.
- Since June 2022, all sovereign eurobond payments by Russia have been made in rubles.
- The nominal volume of the 2035 eurobonds was $4 billion.
- A replacement issuance for the original eurobonds was completed by December 2024.
Points of divergence
- The Ministry of Finance paid a coupon for eurobonds maturing in 2029 on September 21, amounting to 5.5 billion rubles. — vedomosti
- The replacement issuance for the 2035 eurobonds had a volume of $2.9 billion, making it the largest among all sovereign replacement issues. — interfax
- The total amount of eurobonds replaced amounted to $20.8 billion in nominal value, representing 64.2% of the original total nominal value of all original issues. — interfax
- The replacement rate for the 2035 issue was 71.8%. — interfax
Coverage (2 sources)
- Ministry of Finance of the Russian Federation paid a coupon on eurobonds in the amount of 8.6 billion rubles — Ведомости
- Ministry of Finance transferred 8.6 billion rubles to NRD for coupon payment on Eurobonds "Russia-2035" and replacement issue — Интерфакс