Russia’s Gazprom is in process of paying its dollar bonds

Bloomberg

Gazprom PJSC, the Russian state-controlled energy giant, is already in the process of settling a $1.3 billion debt due on Monday.
The company wired the cash to the settlement bank, which will probably release the funds on March 4, a person familiar with the matter said, declining to be identified because the information is private.
Gazprom also has a coupon payment nominally due a day earlier on a Swiss franc debt, which the person said will also be paid.
It’s a reprieve for Gazprom’s bonds, which lost about half of their value in just over a week as investors fretted over whether the company will settle next week’s payments.
A spokesperson for Gazprom, which has an investment-grade score by all three major rating companies, declined to comment on whether the company will make the upcoming payments.
While the bonds are Gazprom’s, they were issued by Gaz Capital SA, a special purpose vehicle incorporated in Luxembourg.