Page 32 - Severstal News Today

(Bloomberg) -- Severstal PJSC has become the first Russian company to run out of time to pay interest on foreign-currency debt since the war in Ukraine began after Citigroup Inc. blocked the transaction. It’s now at risk of creditors calling a default.

PAO Severstal (SVST) PAO Severstal: Update on the situation regarding the coupon payment for the Eurobond 2024 23-March-2022 / 17:43 M...

DJ PAO Severstal: Update on the situation regarding the coupon payment for the Eurobond 2024 PAO Severstal (SVST) PAO Severstal: Update on the situation regarding the coupon payment for the Eurobond

Some Russian companies are finding it difficult to make their bond payments due to Western banks' nervousness about sanctions.

Russian holders of domestic corporate Eurobonds face delays in receiving payments settled through international agents, as transactions get snarled up by sanctions, Russias National Settlement... | March 23, 2022

Investegate announcements from PAO Severstal, Update on the situation regarding the coupon payment for the Eurobond 2024

Severstal made a $12.6 million interest payment on its bond that has yet to be distributed to investors amid Western sanctions against Russia.

Severstal, a steel and mining company, could become the first Russian company to fail to make a critical interest payment on foreign-currency debt.

Several prominent businessmen's assets targeted due to links with Kremlin

Sheremetyevo Airport has furloughed nearly a fifth of its staff following sanctions imposed on Russia after the invasion of Ukraine.