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)

Copyright (c) 2022 Dow Jones & Company, Inc.
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