Vneshekonombank to service Russian Eurobonds

The Russian Finance Ministry assigned Vneshekonombank, which is the agent of the Russian government for servicing the country's foreign debt, to transfer $320.5m for coupon payments on two issues of Russian Eurobonds, the press service of the Ministry reported to RBC today. From this sum, the bank is to pay about $129.880m in coupons for the seven-year Eurobonds which mature in 2005, and about $190.652m in coupons of the twenty-year Eurobonds which mature in 2018.

Vneshekonombank will transfer these resources to Citibank, which is the payment agent of these Eurobond issues. In its turn, Citibank will make coupon payments to holders of Russian Eurobonds according to the schedule on January 24, 2003.

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