PhosAgro PJSC (PHOR)
PhosAgro PJSC: PhosAgro Obtained Approval from Eurobond Holders to Change Debt Payment Mechanism
07-Oct-2022 / 19:38 MSK
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PhosAgro Obtained Approval from Eurobond Holders to Change Debt Payment Mechanism
Moscow – PhosAgro (Moscow Exchange, LSE: PHOR) (“PhosAgro”, the “Company”), one of the world’s leading vertically integrated phosphate fertilizer producers, has received approval from the holders of all of its Eurobonds to change the payment mechanism and terms of service of debt securities.
These amendments are primarily intended to reduce the risks associated with servicing Eurobonds and to provide that payments can be made both through the principal paying agent and directly to noteholders.
The Company thanks its Bondholders for their active participation in the approval procedure. The Company undertakes to act for the benefit of the Holders and to ensure the proper servicing of its debt.
About the company
PhosAgro (www.phosagro.ru) is a vertically integrated Russian company and one of the world’s leading producers of high quality phosphorus mineral fertilizers and apatite concentrate grading 39% P2O5 and higher. PhosAgro fertilizers are highly effective, guaranteeing the improvement of the quality of agricultural products and avoiding soil contamination by heavy metals.
PhosAgro Group is the largest manufacturer of phosphate fertilizers in Europe (by total production capacity NAP/MAP/NP/NPK/NPS), the largest producer of phosphite grading 39% P2O5 in the world and one of the world’s leading producers of ammonium and diammonium phosphate, one of the leading European producers and the only producer in Russia of monocalcium phosphate feed and the only producer in Russia of nepheline concentrate.
The company’s main products, including phosphite, more than 50 kinds of fertilizers, phosphate feeds, ammonium and sodium tripolyphosphate, are used in more than 102 countries on all inhabited continents. Our priority markets, in addition to Russia and the CIS, are Latin America, Europe and Asia.
The company’s shares are listed on the Moscow Stock Exchange and its Global Depositary Receipts (GDR) are listed on the London Stock Exchange (MOEX and LSE symbol: PHOR).
More information about PhosAgro PJSC can be found on our website: www.phosagro.ru
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