Evraz Says Coupon Payment Has Been Settled
March 22 2022 - 1:14PM
Dow Jones News
By Jaime Llinares Taboada
Evraz PLC said Tuesday that a coupon payment on a $704.1 million
Eurobond note, due on March 21, has now been settled.
The steelmaking and mining company said on Monday that the $18.9
million coupon payment had been blocked amid issues relating to the
sanctioning of Russian oligarch Roman Abramovich.
Evraz said it has been informed by the Bank of New York Mellon
Corp. that the amount has been settled with the relevant
account.
The company added on Tuesday that it is fully committed to
fulfilling its payment obligations due on April 4 under a $700.0
million note due 2024.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
March 22, 2022 12:59 ET (16:59 GMT)
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