It's funny that Russia's largest tech company is actually Dutch.
It seems very odd to me that (1) NASDAQ can halt trading on any stock for any reason and (2) Yandex has promised its bondholders large considerations – enough to bankrupt the company – should their stock be suspended for more than 5 consecutive days. Even if you disregard the current crisis, how does a provision like 2 make sense for any company, considering 1? Was it just overconfidence? Or negligence?
It seems very odd to me that (1) NASDAQ can halt trading on any stock for any reason and (2) Yandex has promised its bondholders large considerations – enough to bankrupt the company – should their stock be suspended for more than 5 consecutive days. Even if you disregard the current crisis, how does a provision like 2 make sense for any company, considering 1? Was it just overconfidence? Or negligence?