Ukraine makes $73 million coupon payment to Russia on Eurobonds

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Ukraine has made a $73.333 million coupon payment on $3 billion Eurobonds sold in December to Russia, the Finance Ministry said in a statement, TASS reports.

The entire issue, sold at 5%, was acquired by Russia under an agreement with Kiev. The redemption date is 2015.

Russian Deputy Finance Minister Sergei Storchak said that Ukraine must pay $75 billion in coupon payment until Friday evening, while senior CIS analyst of BofA MerrillLynch Vladimir Osakovsky said that a partial payment of the coupon will trigger Ukraine’s cross-default.

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