Polyus gives update on coupon payment for $800 million 5¼% notes

By Wendy Van Sickle

Columbus, Ohio, Sept. 22 – Polyus Finance plc completed the transfer of funds for coupon payments for its $800 million of 5¼% guaranteed notes due 2023 to i2 Capital Trust Corp. Ltd., according to a notice.

The funds were transferred as coupon payments to be subsequently transferred to the clearing systems for onward payment to the holders of the notes, according to the notice, which continues that the trustee is seeking written confirmation from the relevant clearing systems that the funds can be transferred to them from the trustee.

JSC Polyus Krasnoyarsk transferred the funds denominated in Russian rubles to National Settlement Depository as coupon payments to be transferred to noteholders on July 24, in line with the requirements of the Russian regulations presently in force.

The issuer said it is committed to facilitating the coupon payment to its bondholders and will provide further updates if there are developments.

London-based Polyus is a gold producer with mines in Russia and Kazakhstan.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.