FESCO announces the repayment of a part of its obligations under BO-02 bonds

15 March 2017
FESCO PLC (the “Company”)  concluded agreements on the full settlement of obligations on series BO-02 ruble-nominated bonds with two bondholders.

Under the terms of the agreements, the Company purchased and settled ahead of schedule 284 bonds on mutually beneficial terms with the significant discount to the nominal value. The deal has become an important stage in the ongoing negotiations with creditors in the framework of the Company and its subsidiaries’ debt restructuring process. The Company continues to work actively and expects to reach agreements with other bondholders.