Ozon says to offer $650 mln of 5-year convertible bonds

MOSCOW, Feb 17 (PRIME) -- Russian marketplace Ozon will offer U.S. $650 million of 2026 convertible bonds, the company said on Wednesday in a statement.

The coupon guidance is set at 1.625–2.125% annually.

“The company intends to use the money raised from the placement mainly for organic growth, expansion in new verticals, strategic investment, and corporate purposes,” the company said.

(73.2895 rubles – U.S. $1)

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