Ozon Holdings PLC - ADR

NASDAQ:OZON   3:59:54 PM EDT
11.54
-1.09 (-8.63%)
Debt Financing / Related, Earnings Announcements

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

Published: 08/23/2022 10:03 GMT
(OZON) - 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: Ozono (gdansk Newsroom).
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