Yandex Completes Purchase of 93% of Its Convertible Notes

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Jun 23, 2022

MOSCOW, RUSSIA and AMSTERDAM, the NETHERLANDS / ACCESSWIRE / June 23, 2022 / Yandex N.V. ("Yandex"), a Dutch public limited company and the parent company of one of Europe's largest internet businesses, announced that it has completed its purchase of 92.7% in aggregate principal amount of its $1.25 billion 0.75% Convertible Notes due 2025 (the "Notes") pursuant to the Purchase Agreement dated June 15, 2022 (the "Purchase Agreement"), between Yandex and selling noteholders.