Tinkoff Bank has again canceled the coupon payment on the “perpetual” subordinated Eurobonds, TCS Finance DAC said in a statement. It is not the first time that the organization cancels the payments of this Eurobond.
We are talking about the “eternal” Eurobonds that Tinkoff placed in 2017. Normally, payments are made every three months, the current rate is 11.002%.
Previously, the credit institution announced the cancellation of the interest payment of this Eurobond in March. Then it was reported that such a step is provided for in the documentation.
Tinkoff also canceled payments of another issue of “perpetual” Eurobonds placed in 2021 for an amount of $600 million
Previously, VK was required to pay about a billion rubles of debt in Eurobonds through the court. The company, for its part, stated that it is not the executor of these payments.
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