The Ministry of Finance announces the start of the replacement of sovereign Eurobonds. Information about this is published on the website of the Ministry of Finance.
Author:
https://rb.ru/author/ntihonov/
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Holders of sovereign Eurobonds at the end of trading on 12 September will be able to submit a bid. Holders of Russian Eurobonds must submit “Bid 1” to the Russian depositary by 18:00 Moscow time on 14 November.
If the rights of holders of Eurobonds of the Russian Federation are accounted for on the accounts of a foreign depository, then in this case, “Offer 2” is required, which is sent to NPO JSC “National Settlement Depository” in paper form with supporting documents attached. Here the deadline is much shorter – until 18:00 Moscow time on October 15.
“All outstanding issues of Eurobonds of the Russian Federation are accepted for replacement in accordance with the conditions established by Order No. 388. The amount of coupon income, the frequency of their payment, the maturity date and the nominal value of the replacement Eurobonds of the Russian Federation will meet similar conditions in relation to the replaced Eurobonds of the Russian Federation,” the Ministry of Finance said in a statement.
The Ministry of Finance will accept bids on December 5; inquiries on the replacement of sovereign Eurobonds can be obtained from GPB Bank, VTB Capital Trading LLC and Sberbank.
Author:
Nikolai Tikhonov
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
