EQS-News
Polyus Finance Plc: Update on coupon payments in respect of 2023 Notes
EQS-News: Polyus Finance Plc / Key word(s): Miscellaneous
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Press Release 22 September 2022
PJSC Polyus
Update on coupon payments in respect of 2023 Eurobonds
PJSC Polyus (LSE, MOEX - PLZL) ("Polyus", or the "Company") notes the announcement made earlier by Polyus Finance plc (the "Issuer"), an indirect wholly-owned finance subsidiary of the Company incorporated under the laws of England and Wales, about an update on coupon payments in respect of its outstanding U.S.$800,000,000 5.25% Guaranteed Notes due 2023 issued by the Issuer and guaranteed by PJSC Polyus and JSC Polyus Krasnoyarsk (the "Notes").
Under the terms of the Notes the Issuer was instructed to transfer the funds to the account of i2 Capital Trust Corporation Ltd, acting as a trustee under the Notes (the "Trustee"), as coupon payments for the subsequent transfer of such funds to the clearing systems for onward payment to the holders of the Notes, the rights to which are recorded in foreign depositories. The Issuer acted in the best interest of its bondholders and completed the transfer of funds to the Trustee on time and fulfilled its obligations under the terms of the Notes. The Trustee is seeking written confirmation from the relevant clearing systems that such funds can be transferred to them from the Trustee.
The Issuer now expects that the funds would be transferred by the Trustee to the clearing systems for onward payment to the holders of the Notes.
As a reminder, JSC Polyus Krasnoyarsk transferred the funds denominated in Russian rubles to National Settlement Depository as coupon payments for the subsequent transfer of such funds to the holders of the Notes, the rights to which are recorded in Russian depositories, on 24 July 2022, in line with the requirements of the Russian regulations presently in force and terms of Notes now in effect.