EQS-News
Polyus Finance Plc: Update on coupon payments in respect of 2028 Notes
EQS-News: Polyus Finance Plc / Key word(s): Miscellaneous
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ANNOUNCEMENT. PJSC Polyus Update on coupon payments in respect of 2028 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.$700,000,000 3.25% Guaranteed Notes due 2028 issued by the Issuer and guaranteed by PJSC Polyus and JSC Polyus Krasnoyarsk (the "Notes"). Under the terms of the Notes, on 28 November 2022 the Issuer transferred 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 "Offshore Noteholders"). The Issuer acted in the best interest of its bondholders and completed the transfer of funds to the Trustee on time and is considered to have 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. |