Norilsk Nickel fulfills liabilities on 5 Eurobond issues

MOSCOW, Feb 13 (PRIME) -- Russian metals giant Norilsk Nickel has changed its debt documents, which allowed it to fulfill liabilities on five Eurobonds, Senior Vice President and CFO Sergei Malyshev told reporters late on February 10.

Several foreign investors already confirmed receiving payments on all the issues in the autumn of 2022.

“In order to do that, we changed the debt documents deliberately and received approval from the majority of investors of our Eurobonds to allow us to make payments on them without any obstacles for our Russian investors as well,” he said.

“At some moment, an absurd situation arose when denials of the clearing systems suspended payments for our Russian investors, and this conflict has been solved successfully.”

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