Mail.ru sold its shares for $200 million at a price of $28 per depositary receipt in the amount of 7.1 million pcs. At the close of trading on September 23, 2020, the discount was 8.5% to the GDR price. The company also announced the placement of convertible bonds maturing in 2025 at $400 million. The conversion price was set at a premium of 42.5% to the placement price of new GDRs and a coupon of 1.625%.