As early as next Monday, March 21, the Ministry of Finance of the Russian Federation will need to pay coupon income on sovereign Eurobonds denominated in dollars. Emission documents testify to this.. It is reported by 1prime. en.
We are talking about Eurobonds with a maturity in 2029 for $65.6 million. Russia-29 issue worth $3 billion was placed by the Ministry of Finance in March 2018 at 4.375% per annum.
Russian Finance Minister Anton Siluanov previously reminded that for issues of Russian Eurobonds issued since 2018, the issuance documents provide for the possibility to make payments in rubles at the exchange rate of the Bank of Russia on the date of payment.
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Recall that on March 17, the Russian Federation redeemed obligations on two issues of Russian Eurobonds for $117.2 million. Payments made in foreign currency, there are no problems with servicing the public debt.