Gazprom Is Said to Make $1.3 Billion Debt Payment in Dollars
- Company planned before Putin’s decree to make the payment
- Disbursement follows Putin decree to pay bondholders in rubles
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Some holders of a $1.3 billion Gazprom PJSC bond due Monday said they were fully repaid in dollars, two days after Russian President Vladimir Putin gave issuers the option of paying back foreign-currency debt in rubles.
Bondholders said they received cash to pay off the bonds Monday, according to people with knowledge of the payments, who declined to be identified because they aren’t authorized to speak publicly about the matter. The company began the process of repaying them last week, before Putin’s decree, a person with knowledge of the matter said at the time. A spokesperson for the company didn’t immediately respond to requests for comment.