ALROSA [17] May 2024 - PJSC ALROSA announces the procedure for submitting payment requests under the Eurobonds pursuant to Decree No. 198 dated 19 March 2024.
PJSC ALROSA (the "Company") reported earlier that it started fulfilling its obligations under two Eurobond issues in the amount of USD 500,000,000 maturing in 2024 with a coupon rate of 4.65% per annum (the "2024 Eurobonds") and in the amount of USD 500,000,000 maturing in 2027 with a coupon rate of 3.1% per annum (the "2027 Eurobonds") (collectively, the "Eurobonds") pursuant to Decree No. 198 of the President of the Russian Federation On Additional Temporary Measures of Economic Nature Relating to the Performance of Obligations under Certain Securities dated 19 March 2024 ("Decree No. 198").
Those Eurobond Holders who have not received their payment under the Eurobonds may, within 60 days following the next Eurobond payment, submit to the Company a payment request together with supporting documents to confirm the holder's ownership of the Eurobonds (the list of documents and additional forms is attached hereto).
The 2024 Eurobonds (ISIN XS1843441731, US02109TAD46) were redeemed on 17 April 2024, with the record date being 8 April 2024. Those holders who have not received their payment may submit a payment request on or before 16 June 2024.
Pursuant to Decree No. 198, the Company causes a Russian depository to review submissions. For these purposes, the Company appoints the National Settlement Depository (NSD).
The application form and the list of supporting documents to be submitted to the Company are determined by the Resolution of the Board of Directors of the Bank of Russia On the List of Information to be Included in a Payment Request under the Eurobonds Relating to the Obligations of a Russian Legal Entity and the List of Supporting Documents dated 12 April 2024.
The original payment request and supporting documents (together with the list of enclosures) must be submitted in person or by proxy (together with the respective power of attorney) by the above date to the Company's office at 24 Ozerkovskaya Embankment, Bld. 1, Moscow.
Further review of submissions and payments will be governed by Decree No. 198.
The Company reserves the right to dismiss a payment request if the Eurobond Holder's submission is incomplete or fails to meet the applicable requirements or otherwise, making it impossible to duly confirm the ownership of the Eurobonds.
If acting as a tax agent, the Company will also place a notice on its website requesting additional documents.
List of documents
Form 1. Payment request
Form 2. Waiver
Form 3. List of enclosures
Attachments
- Original Link
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Disclaimer
ALROSA PJSC published this content on 20 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2024 07:38:08 UTC.
