Russia’s national depository to replace Citi as Eurobond servicing agent -Breaking
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© Reuters. The emblem for Citibank is seen on the buying and selling ground on the New York Inventory Change (NYSE) in Manhattan, New York Metropolis, U.S., August 3, 2021. REUTERS/Andrew Kelly(Reuters) – Russia’s Nationwide Settlement Depository will service the nation’s Eurobonds after Citibank stopped appearing as a fiscal, switch and fee agent, the finance ministry stated on Thursday.
The finance ministry additionally stated {that a} delay in funds on its Russia-2022 Eurobond that have been due on April 4 was attributable to “illegal actions” of international monetary intermediaries.
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