Moscow — PJSC PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, reports that Citibank N.A., London Branch (the “Principal paying agent”) has notified the Company of the transfer of coupon payments on Eurobonds issued by PhosAgro Bond Funding Designated Activity Company (the “Issuer”) in the amount of USD 500,000,000, with a coupon rate of 3.949% and a repayment date in 2023 (the “Bonds”).
Earlier, on 6 April 2022, the Company paid the Issuer in full, in the amount of USD 9,872,500, to ensure that coupon payments on the Bonds were made on time. On 20 April 2022, the Issuer instructed Citibank N.A., London Branch, to make coupon payments to bondholders, although payment was not completed on time due to additional steps taken by the principal paying agent. Since then, PhosAgro has taken all necessary measures and provided all the information requested to ensure that the coupon payment is made.
PhosAgro confirms that it is ready to fulfil its commitments with regards to 2023, 2025 and 2028 Bonds, and has sufficient funds to do so.