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Yandex Intends To Issue Convertible Bonds
9.01.2014 22:45
Yandex Intends To Issue Convertible Bonds

The Russian company “Yandex” intends to issue convertible bonds for $600 million. This was reported by the press service of the Internet portal. “If the applications for the bonds purchase will exceed $600 million, “Yandex”  will be able to provide 30-day options for the purchase of additional bonds with a total value of up to $90 million each to the initial purchasers” - the company representatives noted.

      “Yandex” promises to pay interest on the bonds every six months. Their maturity date is December 15, 2018. The company plans to spend a part of the involved funds in order to expand the program of repurchase of shares. “The remaining funds will be used for general corporate purposes” – “Yandex” added.

Author: Anna Dorozhkina

Tags: Yandex     

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