Please be informed about the status of the 7.625% subordinated perpetual USD Notes, issued in September 2021 (ISIN - XS2392969395, US12504PAK66) (CBOM’21-perp).
On October 11, 2023 MKB (“the Bank”) paid out coupons on the subordinated perpetual Eurobonds CBOM’21-perp. The payment was made in Russian rubles at the CBR exchange rate as of the date of payment in favour of the all noteholders in Russian depositaries (the central depository / other depositories of the Russian Federation) as at 03 October 2023, in accordance with the regulatory documentation. The National Settlement Depository has received funds for the payment of coupon income on bonds.
The payment is made in accordance with the Executive Order dated March 5, 2022 No. 95 “On Temporary Procedures for Meeting Loan Obligations to Certain Foreign Creditors” and the Executive Order dated July 5, 2022 No. 430 “On the Repatriation by Residents Participating in Foreign Economic Activity of Foreign Currency and the Currency of the Russian Federation”.
As it was previously informed, in accordance with the new edition of the Rules for the provision of services by NCO JSC NSD for the provision of information and the organization of the transfer of payments on securities registered in a Foreign Depository dated January 27, 2023, the date of coupon payment of CBOM’21-perp was postponed to October 11, 2023 and was made to all noteholders in Russian depositaries in a single date.
Fulfillment of payment obligations under Eurobonds remains a priority for MKB. For any additional information, please contact Investor Relations and Capital Markets team: email@example.com.