MOSCOW, March 4 (Reuters) – Russia’s Nasdaq-listed e-commerce player Ozon (OZON.O) on Friday said that holders of its bond maturing in 2026 may be entitled to redeem the principal and interest accrued if trading remains halted until March 8, but has the cash in its accounts to pay. Trading of Ozon’s shares on Nasdaq was suspended on Feb. 28 and if suspension lasts for at least seven day, the company’s $750 million unsecured convertibles bonds due in 2026 can become subject to a “Delisting… Source link
Read More »Yandex, the Russian alternative to Google, on the verge of collapse
The fine line of “unprecedented” sanctions against Russia 2:38 London (CNN Business) — Yandex, Russia’s biggest search engine, could collapse as the financial fallout from the Ukraine invasion spreads. Yandex, which controls around 60% of Russia’s Internet search traffic and operates a large trucking business, warned late on Thursday that it may be unable to pay its debts as a result of the financial market collapse triggered by the unprecedented wave of sanctions from the… Source link
Read More »Yandex provides update on impact of Russia-Ukraine conflict – Seeking Alpha
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Read More »UPDATE 1-Russia’s Yandex warns of bond repayment and supply risks
(Adds detail) MOSCOW, March 4 (Reuters) – Russian internet giant Yandex on Friday warned that a trading suspension on its Nasdaq-listed shares could trigger a redemption right on a convertible bond that it does not have the resources to cover. Unprecedented Western sanctions over Moscow’s invasion of Ukraine have hammered Russia’s financial system and investors have dumped Russian assets from the rouble to bonds and stocks. Yandex said that a suspension of trading of its Class A shares on… Source link
Read More »Russia’s Yandex warns of bond repayment and supply risks
MOSCOW, March 4 (Reuters) – Russian internet giant Yandex (YNDX.O) on Friday warned that a trading suspension on its Nasdaq-listed shares could trigger a redemption right on a convertible bond that it does not have the resources to cover. Unprecedented Western sanctions over Moscow’s invasion of Ukraine have hammered Russia’s financial system and investors have dumped Russian assets from the rouble to bonds and stocks. Yandex said that a suspension of trading of its Class A shares on Nasdaq of… Source link
Read More »Yandex: Russian search engine warns it could default
Yandex (YNDX), which controls about 60% of internet search traffic in Russia and operates a big ride-hailing business, warned late Thursday that it may be unable to pay its debts as a consequence of the financial market meltdown triggered by the West’s unprecedented wave of sanctions. The company is based in the Netherlands, but its shares trade on the Nasdaq and the Russian stock exchange. Dealing in the stock has been suspended this week as the value of Russian assets collapsed in Moscow… Source link
Read More »Russia’s Yandex lacks funds to cover potential bond redemption
MOSCOW, March 4 (Reuters) – Russian internet giant Yandex on Friday warned that a trading suspension on its Nasdaq-listed shares could trigger a redemption right on a convertible bond that it does not have the resources to cover. Unprecedented Western sanctions over Moscow’s invasion of Ukraine have hammered Russia’s financial system and investors have dumped Russian assets from the rouble to bonds and stocks. Yandex said that a suspension of trading of its Class A shares on Nasdaq of more… Source link
Read More »Yandex: Russian search engine warns it could default
Yandex (YNDX), which handles about 60% of internet search traffic in Russia and operates a big ride-hailing business, said Thursday that it may be unable to pay its debts as a consequence of the financial market meltdown triggered by the West’s unprecedented sanctions. The company is based in the Netherlands, but its shares are listed on the Nasdaq and the Russian stock exchange. Dealing in the stock has been suspended this week as the value of Russian assets collapsed in Moscow and around… Source link
Read More »Yandex: Russian search engine warns it could default
Yandex (YNDX), which handles about 60% of internet search traffic in Russia and operates a big ride-hailing business, said Thursday that it may be unable to pay its debts as a consequence of the financial market meltdown triggered by the West’s unprecedented sanctions. The company is based in the Netherlands, but its shares are listed on the Nasdaq and the Russian stock exchange. Dealing in the stock has been suspended this week as the value of Russian assets collapsed in Moscow and around… Source link
Read More »Yandex, considered ‘Russia’s Google’, shaken and isolated by Putin’s war
Yandex, the company often referred to as “Russia’s Google”, has become increasingly isolated as Western investors and key partners abandon it in the wake of Vladimir Putin’s war in Ukraine. More than 75 per cent of the company’s value has been wiped off in the past six months, while plummeting dramatically as Russian forces began their attacks last week. Trading in the company’s shares was halted on Monday because of volatility. Widely seen as one of the jewels in the… Source link
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