Page 93 - RusRPTNov22

more than 3.8%. In October-November, Cherkizovo, R-Pharm, New Technologies, Norilsk Nickel, Seligdar, Novotrans, SG-trans, AgroKuban Resurs and Progress Agro are planning to offer 3-5Y Rb3-10bn issues on the primary market.
Ozon announced the holders’ approval of convertible bonds’ restructuring. Recall, the holders were supposed to vote regarding the terms of the early redemption on October 31, following the preliminary agreement reached with the holders of 36% of the $750mn bonds issue. However, the company has already received votes in favor from the holders of over 75% of the issue, which means the overall approval of the early redemption terms. The early redemption terms are 83% of the par value in rubles and 65% in dollars, plus remuneration associated with the lock-up agreement (1.0625%) and interest accrued through August 24.
93 RUSSIA Country Report November 2022 www.intellinews.com