XS0088543193 RUSSIA 12¾ 28 70 75

 

Last week, the Ministry of Finance transferred RUB 4.3b  (equivalent to USD 71.3ml) to NSD in order to pay the coupon on sovereign Eurobonds with maturity in 2026. Following the presidential decree signed in June, NSD is acting as a paying agent for all Russian sovereign Eurobonds, thus MinFin declared that obligations to service the state securities of the Russian Federation were fulfilled in full. It is worth noting, that none of the international holders received these payments due to the existing sanctions on Russian, its wealth fund, MinFin etc.

Other Eurobonds which have been serviced earlier this summer using the same scheme include dollar-denominated Eurobonds with maturities in 2027, 2047 and 2028. In the autumn, the ministry has also transferred to the NSD payments in rubles on Eurobonds denominated in dollars with maturities in 2023, 2043, 2029, 2035, 2030, 2042, as well as on two issues denominated in euros and maturing in 2027 and 2032.

 

Issuer	Ticker	Bid	Ask
XS0971721963	RUSSIA 5⅞  43	53	57
XS0767473852	RUSSIA 5⅝  42	53	57
RU000A0JXU14	RUSSIA 5¼  47	32	37
RU000A1006S9	RUSSIA 5.1  35	34	39
XS0971721450	RUSSIA 4⅞  23	70	75
RU000A0ZYYN4	RUSSIA 4⅜  29	36	39
RU000A0JWHA4	RUSSIA 4¾  26	37	40
RU000A0JXTS9	RUSSIA 4¼  27	38	41
RU000A0ZZVE6	RUSSIA 2⅞  25	38	41
RU000A1034K8	RUSSIA 2.65 36	32	37
RU000A102CK5	RUSSIA 1⅛  27	32	37
XS0088543193	RUSSIA 12¾ 28	70	75
RU000A102CL3	RUSSIA 1.85 32	31	34
XS0114288789	RUSSIA 7½  30	38	42
RU000A0JWM07	RFLB   7¾  26	Call desk for prices
RU000A0JS3W6	RFLB   8.15 27	Call desk for prices
RU000A0ZYUB7	RFLB   7¼  34	Call desk for prices
RU000A0ZZYW2	RFLB   7.95 26	Call desk for prices
RU000A0JXFM1	RFLB   7.7  33	Call desk for prices
RU000A100A82	RFLB   7.65 30	Call desk for prices
RU000A0JXB41	RFLB   7.4  22	Call desk for prices
RU000A0JXQF2	RFLB   7.1  24	Call desk for prices
RU000A0JTK38	RFLB   7.05 28	Call desk for prices
RU000A0JU4L3	RFLB   7    23	Call desk for prices
RU000A0ZYU88	RFLB   6½  24	Call desk for prices
RU000A103901	RFLB   6.9  31	Call desk for prices
RU000A0ZYUA9	RFLB   6.9  29	Call desk for prices
RU000A1014N4	RFLB   6    27	Call desk for prices
RU000A101QE0	RFLB   4½  25	Call desk for prices

 

* Indicative price for positions with institutional size only. For smaller sizes please call desk