By Walter Grand in Europe —

Investors did not receive payments on Eurobonds in the absence of a U.S. license - The Bell

Investors did not receive payments on Eurobonds in the absence of a U.S. license - The Bell
Photo by Dimitri Karastelev / Unsplash

Russia is to pay off two Eurobond issues maturing in 2026 and 2036 in dollars and euros.

It was reported that the Ministry of Finance made payments on these coupons, scheduled for May 27, to the National Settlement Depository in advance, late last week, and fulfilled all obligations.

According to Bloomberg, by Friday evening the coupon payments had still not reached investors' accounts. If they do not receive the money within 30 days, there will be a default on the foreign debt.