IT company Yandex has agreed with the holders of 84.9% convertible bonds on the terms of redemption. Holders will receive $140,000 and 957 shares of Yandex N.V. for each $200,000 of par value. Part of the consideration in the form of Yandex N.V. shares may be paid after the bonds are transferred as soon as regulatory restrictions are lifted. The transaction is expected to close within 2 business days after all necessary conditions are met, but no later than June 24, 2022.