You're reading: Oschadbank pays $420 million on 2023 eurobonds as part of depreciation of securities

State-owned Oschadbank has sent $420 million to pay on $700 million 2023 loan participation notes (LPN, eurobonds), the bank has reported in a press release.

In addition, the bank paid the interest accrued.

According to the conditions of the issue, the holders of the notes will receive the funds on March 11, 2019.