Monday, October 20, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Gazprom Is Said to Make $1.3 Billion Debt Payment in Dollars

by Euro Times
March 7, 2022
in Finance
Reading Time: 2 mins read
A A
0
Home Finance
Share on FacebookShare on Twitter


(Bloomberg) — Some holders of a $1.3 billion Gazprom PJSC bond due Monday mentioned they obtained cost in {dollars}, even after Russian President Vladimir Putin gave issuers the choice of repaying foreign-currency debt in rubles.

Most Learn from Bloomberg

Bondholders mentioned they obtained money to repay the bonds Monday, in accordance with folks with data of the funds, who declined to be recognized as a result of they aren’t approved to talk publicly concerning the matter. A spokesperson for the corporate didn’t instantly reply to requests for remark.

The bond paid Monday was amongst these snapped up at distressed costs final week as Wall Avenue traders eyed shopping for alternatives amid Russia’s invasion of Ukraine. Goldman Sachs Group Inc. and JPMorgan Chase & Co. loaded up on Russian company bonds as hedge funds additionally scouted targets, Bloomberg reported.

Though Gazprom final week was already within the strategy of servicing the greenback debt maturity and a coupon cost on one other bond, there was rising concern {that a} Saturday decree from Putin permitting debtors to repay their debt in rubles would disrupt the cost. It underscores simply how unsure traders have been since Russia’s invasion of Ukraine prompted the U.S. and its allies to slap a number of sanctions on Moscow, and Moscow’s quite a few capital controls launched throughout the previous two weeks.

Including to the confusion, Russia has additionally mentioned collectors in international locations that haven’t imposed sanctions might be able to obtain the cost in overseas forex, offered firms get particular permission. The international locations deemed “unfriendly” embody the U.S., the U.Ok., Japan and European Union members. Bloomberg spoke to bondholders primarily based within the EU.

It’s doable, nonetheless, that Gazprom’s cost course of was too far gone to be impacted by Putin’s current directives. The cost was meant to be transferred to bondholders by the settlement financial institution on March 4, a day earlier than Putin’s decree. Whereas the bonds are Gazprom’s, they have been issued by Gaz Capital SA, a particular function car integrated in Luxembourg.

Collectors of a Russian telecommunications firm mentioned they, too, had obtained a cost due Thursday on a $1.25 billion bond due 2025.

(Provides context in third paragraph about banks’ shopping for of distressed Russian debt.)

Most Learn from Bloomberg Businessweek

©2022 Bloomberg L.P.



Source link

Tags: billionDebtdollarsGazpromPayment
Previous Post

Blood Pressure Meds May Prolong Life in Pancreatic Cancer

Next Post

Puerto Rico to Drop Mask, Occupancy Rules as Covid Cases Fall

Related Posts

Soybeans End the Week on a High Note as Trade Tensions Ease

Soybeans End the Week on a High Note as Trade Tensions Ease

by Barchart
October 20, 2025
0

Soybeans had been in rally again mode on Friday, as contracts had been up 7 to 9 cents on the...

Autumn house price bounce is lower than usual in October, says Rightmove

Autumn house price bounce is lower than usual in October, says Rightmove

by Vicky Shaw
October 20, 2025
0

Signal as much as our free cash publication for funding evaluation and skilled recommendation that will help you construct wealthSignal...

The Godfather of freight visibility plans to give small truckers “Superpowers”

The Godfather of freight visibility plans to give small truckers “Superpowers”

by Craig Fuller, CEO at FreightWaves
October 19, 2025
0

Travis Rhyan, the founding father of 10-4, an early pioneer within the freight visibility area has now got down to...

FinMin steps in PSBs asked to tackle employee stress, draw up action plans

FinMin steps in PSBs asked to tackle employee stress, draw up action plans

by Dheeraj Tiwari
October 20, 2025
0

New Delhi: The federal government has requested state-run banks to take a tough look inside. After months of rising concern...

Links 10/19/2025 | naked capitalism

Links 10/19/2025 | naked capitalism

by Haig Hovaness
October 19, 2025
0

https://www.youtube.com/watch?v=qnL7_UST9VYNASA Scientist Proposes Concept of Alien Civilizations All through Milky Approach Futurism Markov Chains: The Unusual Math That Predicts (Virtually)...

MEGI: Gather Excessive Yield Earnings From World Utilities And Infrastructure (NYSE:MEGI)

MEGI: Gather Excessive Yield Earnings From World Utilities And Infrastructure (NYSE:MEGI)

by Index Investing News
October 19, 2025
0

This textual content was written byNow retired, I’m an income-oriented investor looking for extreme yield earnings to help my life-style...

Next Post
Puerto Rico to Drop Mask, Occupancy Rules as Covid Cases Fall

Puerto Rico to Drop Mask, Occupancy Rules as Covid Cases Fall

Bed Bath & Beyond, United, PVH and more

Bed Bath & Beyond, United, PVH and more

How Jared Kushner Re-emerged at the Center of the Israel-Hamas Peace Deal

How Jared Kushner Re-emerged at the Center of the Israel-Hamas Peace Deal

October 20, 2025
The best smartphones to buy in 2025

The best smartphones to buy in 2025

October 20, 2025
Soybeans End the Week on a High Note as Trade Tensions Ease

Soybeans End the Week on a High Note as Trade Tensions Ease

October 20, 2025
Bitcoin’s Rally Cracks: Here’s My Downside Trading Plan (Cryptocurrency:BTC-USD)

Bitcoin’s Rally Cracks: Here’s My Downside Trading Plan (Cryptocurrency:BTC-USD)

October 20, 2025
Tripadvisor: With Recovering Experiences Bookings, The Bottom Is In (NASDAQ:TRIP)

Tripadvisor: With Recovering Experiences Bookings, The Bottom Is In (NASDAQ:TRIP)

October 20, 2025
GIFT Nifty Hints At Positive Open; HDFC Bank, RIL, RBL Bank Shares In Focus

GIFT Nifty Hints At Positive Open; HDFC Bank, RIL, RBL Bank Shares In Focus

October 20, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

How Jared Kushner Re-emerged at the Center of the Israel-Hamas Peace Deal

The best smartphones to buy in 2025

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In