On Payments on Russian Government Foreign – Currency Denominated Bonds
OREANDA-NEWS. In accordance with the terms of issuing eurobonds, on the Russian Finance Ministry’s instructions State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ transferred funds in the total amount of 159 million 365 thousand 437.50 US dollars to Citibank N.A., London Office.
These funds were transferred to pay interest on eurobonds issued in 1998 for an amount of 2.5 billion US dollars for a period of 30 years with a coupon rate of 12.75%.
The payment was made in a single currency.
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