PhosAgro says Citibank transfers coupon to Eurobond holders - Chemical Industry - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

PhosAgro says Citibank transfers coupon to Eurobond holders

MOSCOW, Jun 16 (PRIME) -- The London branch of Citibank has transferred a U.S. $9.873 million coupon payment to the holders of $500 million 2023 Eurobonds of Russian fertilizer producer PhosAgro, the company said in a statement late on Wednesday.

The company made the payment on April 6, and issued an order to the agent bank to transfer the coupon to the bondholders on April 20, but the bank failed to comply with the order on time.

Since then PhosAgro had been doing everything possible to push the payment through and had provided all necessary information. The company confirms liabilities connected to the Eurobonds that mature in 2023, 2025, and 2028, and has enough money to service the debt, PhosAgro said.

End

16.06.2022 08:31
 
 
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