Ukraine Railways Suspends Upcoming Bond Coupons to Preserve Cash
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000A damaged railway following a Russian shelling in Siversk, Ukraine on Feb. 20. Ukrainian Railways is “temporarily” suspending coupon payments on its dollar bonds due in 2026 and 2028 as Russia’s nearly four-year full-scale invasion ravages its finances.The state-owned company won’t pay a total of about $45 million due on its bonds this week and next, it said in a statementBloomberg Terminal on Friday. The firm has about $700 million in bonds due in July and some $350 million in notes maturing in 2028.