MOSCOW and THE HAGUE, Netherlands, Dec. 10, 2013 (GLOBE NEWSWIRE) -- Yandex N.V. (Nasdaq:YNDX) ("Yandex" or the "Company"), one of Europe's largest internet companies and the leading search provider in Russia, today announced that it proposes to offer US$600 million in aggregate principal amount of convertible senior notes due 2018 (the "notes"), subject to market conditions and other factors. The Company intends to grant to the initial purchasers a 30-day option to purchase up to an additional US$90 million principal amount of notes solely to cover over-allotments, if any.
Yandex Announces Proposed Offering Of US$600 Million Convertible Senior Notes And An Increase In The Company's Open Market Share Repurchase Plan
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.