IT-company Yandex redeemed 98.7% of convertible bonds and is ready to redeem the remaining 1.3% of the securities. Yandex pays the monetary part of remuneration in full, and remuneration in the form of shares will be paid when there is a technical and regulatory opportunity to do so. Since it is legally impossible to recognize the redemption of the bonds without the execution of this part of the deal, the company's securities may be declared a technical default.