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Early Redemption of Bonds at the Request of Holders


Early redemption of bonds at the request of holders - the decision on the issuance of bonds provides for the right of holders to require redemption of the bonds before the maturity date (hereinafter - early redemption of bonds at the request of holders). In such cases, the holders are entitled to submit the relevant claims within 15 working days after the day the issuer and/or the person acting on behalf of and in the interests of the bondholders (hereinafter - representative of bondholders) discloses information about the emergence of such a right by the bondholders, unless a longer period is provided for by the aforementioned decision. The issuer must redeem such bonds no later than seven working days after the end date of the specified period. If this information is not disclosed within three working days, holders of the bonds are entitled to submit claims for their early redemption, and the issuer must redeem such bonds no later than seven working days after the date of receipt of the relevant claim (ceased to be in force as of 2019-06-17)1.

1918.

  1. Federal Law of April 22, 1996 No. 39-FZ "On the Securities Market", as amended on November 28, 2018, Article 17-1, paragraph 2, ceased to be in force from June 17, 2019 // RSZ RF. 1996. No. 17. Art. ↩

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