Yandex closed the deal on redemption of 92.7% of convertible bonds for $1.25 billion. All purchased securities were redeemed. For each $200,000 face value of the securities, bondholders received $140,000 and 957 shares of Yandex N.V. The company plans to complete the redemption and repayment of the remaining convertible bonds on similar terms by and including September 12, 2022.