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Polyus Finance Plc: Update on coupon payments in respect of 2023 Notes

·4-min read

EQS-News: Polyus Finance Plc / Key word(s): Miscellaneous
Polyus Finance Plc: Update on coupon payments in respect of 2023 Notes
22.09.2022 / 19:15 CET/CEST
The issuer is solely responsible for the content of this announcement.

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

Press Release                                                                22 September 2022

PJSC Polyus

Update on coupon payments in respect of 2023 Eurobonds

PJSC Polyus (LSE, MOEX - PLZL) ("Polyus", or the "Company") notes the announcement made earlier by Polyus Finance plc (the "Issuer"), an indirect wholly-owned finance subsidiary of the Company incorporated under the laws of England and Wales, about an update on coupon payments in respect of its outstanding U.S.$800,000,000 5.25% Guaranteed Notes due 2023 issued by the Issuer and guaranteed by PJSC Polyus and JSC Polyus Krasnoyarsk (the "Notes").

Under the terms of the Notes the Issuer was instructed to transfer the funds to the account of i2 Capital Trust Corporation Ltd, acting as a trustee under the Notes (the "Trustee"), as coupon payments for the subsequent transfer of such funds to the clearing systems for onward payment to the holders of the Notes, the rights to which are recorded in foreign depositories. The Issuer acted in the best interest of its bondholders and completed the transfer of funds to the Trustee on time and fulfilled its obligations under the terms of the Notes. The Trustee is seeking written confirmation from the relevant clearing systems that such funds can be transferred to them from the Trustee.

The Issuer now expects that the funds would be transferred by the Trustee to the clearing systems for onward payment to the holders of the Notes.

As a reminder, JSC Polyus Krasnoyarsk transferred the funds denominated in Russian rubles to National Settlement Depository as coupon payments for the subsequent transfer of such funds to the holders of the Notes, the rights to which are recorded in Russian depositories, on 24 July 2022, in line with the requirements of the Russian regulations presently in force and terms of Notes now in effect.

The Issuer confirms its commitment in respect to all outstanding Eurobonds and will continue its efforts to facilitate the coupon payment to its bondholders. The Issuer will provide further updates in case there are developments with facilitating the coupon payments.

Polyus

Polyus is the world's fourth-largest gold mining company by production volumes and the largest gold miner in terms of attributable gold ore reserves. The Company has the lowest production costs among major global gold producers. Its principal operations are located in Siberia and the Russian Far East: Krasnoyarsk, Irkutsk and Magadan regions and the Republic of Sakha (Yakutia).

Investor and Media contact

Victor Drozdov, Director Communications & Investor Relations (CIR) Department

+7 (495) 641 33 77

drozdovvi@polyus.com

 

Forward-looking statements

This announcement may contain "forward-looking statements" concerning Polyus and/or Polyus group. Generally, the words "will", "may", "should", "could", "would", "can", "continue", "opportunity", "believes", "expects", "intends", "anticipates", "estimates" or similar expressions identify forward-looking statements. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Forward-looking statements include statements relating to future capital expenditures and business and management strategies and the expansion and growth of Polyus' and/or Polyus group's operations. Many of these risks and uncertainties relate to factors that are beyond Polyus' and/or Polyus group's ability to control or estimate precisely and therefore undue reliance should not be placed on such statements which speak only as at the date of this announcement. Polyus and/or any Polyus group company assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.


22.09.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

Language:

English

Company:

Polyus Finance Plc

16 Berkeley Street

W1J 8DZ London

United Kingdom

Phone:

+44 (0)203 907 4050

E-mail:

sergei.nossoff@pgil.co.uk

Internet:

http://polyus-finance.polyus.com/

ISIN:

XS1533922933, XS1713474325, XS2396900685

WKN:

A19CYF, A19VMX, A3KXLK

Listed:

Regulated Unofficial Market in Frankfurt, Stuttgart; London

EQS News ID:

1448735


 

End of News

EQS News Service

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