STLC sees troubles with Eurobond coupon payment

MOSCOW, Apr 27 (PRIME) -- State Transport Leasing Company (STLC) is experiencing difficulties with the payment of a U.S. $14.9 million coupon on 2025 Eurobonds due to sanctions, the company said in a statement on Wednesday.

The E.U. sanctions against STLC were announced on April 8, and on April 11, the sending bank J.P. Morgan SE notified STLC of the impossibility to make the coupon payment.

The company turned to Ireland, asking it to give the bank a license to proceed with the payment to The Bank of New York Mellon. On April 21, the U.K. sanctions against the company were announced, and STLC sent a request to the local authorities as well.

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