Brief: Russia's Ozon Defers Coupon Payment, In Talks With Bonholders

Ozon Holdings

23/08/2022 10:47

Aug 23 (Reuters) - Russia's Ozon  OZON.O  says:
    * OZON NOTIFIES OF POTENTIAL EVENT OF DEFAULT ON $750 MLN
1.875%
CONVERTIBLE BONDS DUE 2026
    * COMPANY WILL BE AT THIS POINT DEFERRING COUPON PAYMENT DUE
ON
AUGUST 24, 2022
    * NEGOTIATIONS WITH BONDHOLDERS ARE IN FINAL STAGE AND
COMPANY
EXPECTS TO BE IN POSITION TO IMPLEMENT RESTRUCTURING OF BONDS
WITHIN CURRENT FINANCIAL YEAR
    * TECHNICAL DEFAULT DOES NOT MEAN COMPANY IS INSOLVENT

Further company coverage:  OZON.O 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))