(Bloomberg) — Some holders of a $1.3 billion Gazprom PJSC bond due Monday said they were fully repaid in dollars, two days after Russian President Vladimir Putin gave issuers the option of paying back foreign-currency debt in rubles.
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Bondholders said they received cash to pay off the bonds Monday, according to people with knowledge of the payments, who declined to be identified because they aren’t authorized to speak publicly about the matter. The company began the process of repaying them last week, before Putin’s decree, a person with knowledge of the matter said at the time. A spokesperson for the company didn’t immediately respond to requests for comment.
The bond paid Monday was among those snapped up at distressed prices last week as Wall Street investors eyed buying opportunities amid Russia’s invasion of Ukraine. Goldman Sachs Group Inc. and…
