“Russian Railways” could not pay off dollar Eurobonds on time

OJSC “Russian Railways”, due to the sanctions of Great Britain, the technical problems with external debt payments, could not pay off the production of dollar Eurobonds on time, reports Interfax with reference to the company.

According to information, Russian Railways had to repay the release of Eurobonds on April 5 with a nominal volume of about $ 605 million and pay the accumulated income on it. Eurobond issuer, RZD Capital, could not receive funds from Russian Railways to pay holders of these debt securities.

In Russian Railways, they noted that the company’s payments on Eurobonds in various currencies can be postponed or suspended for an indefinite period by relevant payment agents or correspondent banks in connection with their internal compliance procedures.

March 24 Russian Railways under the sanctions of Britain. Earlier, Russian Railways could not hold coupon payments for Eurobonds nominated in rubles, Swiss francs and British pounds.