Russia’s Biggest Online Bank Pays Debt Interests as Other Borrowers Face Hurdles
- Company says it has made coupon payments due on two bonds
- Multiple bondholders confirm receipt of payments in dollars
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Russia’s biggest online lender, Tinkoff Bank JSC, has paid interest due earlier this month on its dollar-denominated debt and some bondholders have received the cash, multiple sources told Bloomberg.
The bank founded by businessman Oleg Tinkov isn’t on any sanctions lists, but investors are watching Russian coupon payments closely for any sign they’ve become entangled in the sweeping international penalties imposed to punish President Vladimir Putin’s invasion of Ukraine.