Companies from Russia affected by the sanctions continue to report problems with making coupon payments on Eurobonds.

Russian Railways has problems

One of these companies was Russian Railways OJSC, informs Railway Supply magazine, citing the CFTS.

RZD made an attempt to transfer the interest payment on Eurobonds-2026 in Swiss francs, but the issuer of Eurobonds, RZD Capital, did not receive funds to pay the coupon due to “legal and regulatory compliance obligations of the correspondent banking network.” Accordingly, the coupon payment due on March 14 was not made.

The issue of Eurobonds for 250 million Swiss francs was placed by Russian Railways in 2020. The coupon on it is paid once a year.

It is specified that Russian Railways, which is on the UK sanctions list, already has two payments on Eurobonds in a suspended state.

Earlier, Russian Railways asked for a budget subsidy due to the increase in the cost of servicing the company’s debt portfolio.

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