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Gazprom on Track to Pay Dollar Bonds Due March 7

  • The energy giant has a $1.3 billion debt due next week
  • Russian restrictions on other debt payments raised concerns
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Gazprom PJSC, the Russian state-controlled energy giant, is already in the process of settling a $1.3 billion debt due on Monday.

The company wired the cash on Feb. 28 to the settlement bank, which will probably release the funds on March 4, a person familiar with the matter said, declining to be identified because the information is private. Gazprom also has a coupon payment nominally due a day earlier on a Swiss franc debt, which the person said will also be paid.