Russia pays sovereign debt in rubles ...News

Russia Today - Economy
Russia pays sovereign debt in rubles
source : Russia Today ( News ) () 35
Interest payments on dollar-denominated bonds have been made in accordance with the new payment scheme Russia’s Finance Ministry announced on Thursday it has settled two issues of dollar-denominated Eurobonds “in full” by sending 12.51 billion rubles ($234.5 million) in coupon payments to the National Settlement Depository (NSD). It’s the first payment made under a new mechanism, which enables transactions in rubles. According to the ministry, the payments were on Eurobonds maturing in 2027 and 2047. “Thus, obligations on servicing the state securities of the Russian Federation were fulfilled by the Finance Minist

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