The company cannot pay the coupon of $750 million on August 24.
The reason: the introduction of capital control and protection measures that do not allow the money to be transferred to Ozon Holdings PLC, the company paying the coupon.
However, Ozon is already at the final stage of negotiations with the borrowers to restructure the loan, which should be completed this year, - the company said. The restructuring will allow the company to pay the coupon.
Postponing the coupon does not threaten the company with default.
