Русский
The Russian Finance Ministry has transferred ₽7.8 billion (US$84.4 million) to the National Settlement Depository (NSD) to pay a coupon yield on sovereign Eurobonds maturing in 2042, the ministry said. NSD, the payment agent, has received the funds.
A Eurobond is a bond issued offshore by governments or corporates denominated in a currency other than that of the issuer’s country. Eurobonds are usually long-term debt instruments. Eurobonds are important because they help organizations raise capital while having the flexibility to issue them in another currency. Eurobond refers only to the fact the bond is issued outside of the borders of the currency’s home country; it doesn’t mean the bond was issued in Europe.
However, sanctions imposed by the West have prevented Russia making payments to Eurobond yields in Euros. Nevertheless, the Russian Ministry of Finance has been making all payments on sovereign Russian Eurobonds in Rubles since June 2022, and has not defaulted on its obligations.
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