Yandex Enters Into Agreement to Purchase 84.9% of Its Convertible Notes

Yandex Enters Into Agreement to Purchase 84.9% of Its Convertible Notes

MOSCOW, RUSSIA and AMSTERDAM, NETHERLANDS / ACCESSWIRE / June 16, 2022 / Yandex N.V. (“Yandex”), a Dutch public limited company and the parent company of one of Europe’s largest internet businesses, has announced that it has entered into an agreement (the “Purchase Agreement”) with holders of 84.9% in aggregate principal amount of Yandex’s $1.25 billion 0.75% Convertible Notes due 2025 (the “Notes”) for the purchase of such holders’ Notes by Yandex (the “Purchase”). The selling noteholders…


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