BRIEF-Russia's Ozon And Bondholders Reach Agreement On Restructuring Of $750 Mln Convertible Bonds Due 2026 - Release

BY Reuters | CORPORATE | 09/23/22 11:35 AM EDT

Sept 23 (Reuters) - Ozon Holdings PLC (OZON):

* OZON AND BONDHOLDERS REACH AGREEMENT ON RESTRUCTURING OF $750 MILLION CONVERTIBLE BONDS DUE 2026, ACCORDING TO THE PRESS-RELEASE

* WILL PAY OUT UP TO 85% OF NOMINAL VALUE IN RUB, UP TO 67% IN USD, INCLUDING INTEREST

* PLANS TO REDEEM BONDS FROM ITS OWN FUNDS Source text for Eikon: Further company coverage: (Gdansk Newsroom)

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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