Mosenergo to pay off its Eurobonds

Mosenergo plans to pay off a coupon yield and completely redeem its Eurobonds, Arkady Yevstafyev, general director of the company, declared. According to him, the company was to pay off $155m in Eurobonds as of January 1, 2002. Currently this sum is lower, some $110m. Mosenergo has allocated $114m to make a coupon payment and redeem the Eurobonds.

The company issued these securities totaling $200m with a five-year maturity period in October 1997.

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