Brief: Russia's Ozon says bondholders approve restructuring deal

Ozon Holdings

25/10/2022 09:42

Oct 25 (Reuters) - Russian online retail company Ozon
 OZON.O  said on Tuesday its bondholders had approved a
restructuring deal to end a period of "technical default".
    * Ozon says bondholders have approved a deal to permit
payments on
bonds to go ahead in roubles as well as U.S. dollars for its
$750 million convertible bonds due in 2026
    * Holders of more than 75% of the outstanding bonds voted in
favour of the proposal, Ozon said in a statement
    * The deal means a technical default on the company's bonds
has
been terminated, Ozon said 

 (Reporting by Reuters, Editing by Louise Heavens)