Russia’s Ozon settles redemption of convertible bonds due 2026

Chicago, April 19 – Ozon Holdings plc announced that it has settled the redemptions for bonds from its issue of $750 million 1.875% convertibles due 2026 (ISIN: XS2304902443).

The longstop date was extended several times, and the redemption relates to a Sept. 23, 2023 consent solicitation.

Importantly, holders who have not received their dollar-denominated cash redemption amount should notify the tabulation and settlement agent by 5 p.m. ET on April 21. If they fail to notify the agent, they will be deemed to have received it.

Based on the elections of bondholders, the company was required to redeem $536 million principal amount for the dollar cash redemption amount on the settlement, as earlier reported.

The cutoff time for validly submitted eligibility instructions was 11 a.m. ET on April 5.

The ruble settlement period will start on the settlement date and end two business days after.

i2 Capital Markets Ltd. is the information, tabulation and settlement agent (ozonconsent@i2capmark.com, https://ir.ozon.com/restructuring/).

Ozon is a Russian e-commerce and internet company. The holding company is registered in Cyprus.

© 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.