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Foreign Russia Bondholders Still Haven’t Received March 2 Coupon

  • Russia made the ruble payments to local investors on Wednesday
  • Attention turns to foreign-currency debt coupon due this month

Foreign holders of Russia’s local-currency government bonds still haven’t received coupon payments three days after they were due, according to financial data provider CBonds and five investors at American and European firms. 

Russia’s National Settlement Depository received the interest -- 11.2 billion rubles ($98 million) on 339 billion rubles of bonds known as OFZs due February 2024 -- from the government on Wednesday and paid local investors, they said. But international investors weren’t paid because of the Russian central bank’s order barring foreign payments.