Polyus Confirms Eurobond Payment -- Update

By Michael Susin

Polyus Finance PLC, the U.K. finance arm of Russian gold miner Polyus PJSC said Wednesday that the Bank of New York Mellon confirmed the release of payment of the main amount and coupon for a eurobond due March 28.

The Russian gold miner said it has the intention to comply with its debt obligation in time.

The payment comes at a time when several Russian companies have been struggling to meet their debt payments due to sanctions since the invasion of Ukraine. On Tuesday, steelmaker Severstal PAO said it has applied to the U.S. Office of Foreign Assets Control for a license to release a $12.6 million payment that was blocked amid sanctions on Russian oligarchs.

Shares at 1230 GMT were up 1,091.5 rubles ($12.47) or 10%, at 12,074.0 rubles.

Write to Michael Susin at michael.susin@wsj.com

(END) Dow Jones Newswires

March 30, 2022 08:58 ET (12:58 GMT)

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