12th Mar 2012 13:41
Press-release
Krasnodar
March 12, 2012
OJSC "Magnit" announces the 3rd coupon yield payment
Krasnodar, March 12, 2012: OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) announces the 3rd coupon yield payment against bonds.
Dear Ladies and Gentlemen!
We would like to inform you that on March 12, 2012 OJSC "Magnit" fulfilled its obligation of the 3rd coupon redemption against bonds of BO-01/BO-02/BO-03/BO-04 series in the amount of 41,140,000 rubles / 41,140,000 rubles / 61,710,000 rubles / 82,280,000 rubles correspondingly.
By the decision of CEO of OJSC "Magnit" (as of September 9, 2010) the interest rate of the 3rd coupon against exchange-traded bonds was defined as 8.25% per annum.
Parameters of the bond issue:
Type of securities: | Non-convertible interest-bearing certified Exchange-traded bonds to the bearer of B0-01/BO-02/BO-03/BO-04 series with the obligatory centralized custody |
Identification code and date of its assignment to the issue: | № 4B02-01-60525-P / 4B02-02-60525-P / 4B02-03-60525-P / 4B02-04-60525-P as of 02.02.2010 |
Assigning authority: | Close joint-stock company "MICEX Stock Exchange" |
Date of decision on the interest amount/coupon on the issuer's bonds: | September 9, 2010 |
Reporting (coupon) period which the yield is paid for: | 3rd coupon period (September 12, 2011 - March 12, 2012) |
Total amount of the interest subject to payment against bonds of each series: | 41,140,000 rubles / 41,140,000 rubles / 61,710,000 rubles / 82,280,000 rubles correspondingly excluding tax and other deductions; 41,139,973 rubles / 41,140,000 rubles / 61,710,000 rubles / 82,279,397 rubles correspondingly adjusted for taxation |
The amount of the interest subject to payment against one bond of each series: | 41.14 rubles / 41.14 rubles / 41.14 rubles / 41.14 rubles correspondingly |
Method of payment: | Monetary funds in the currency of the Russian Federation by means of non-cash settlement |
Date of the obligation fulfillment: | March 12, 2012 |
For further information, please contact:
Oleg Goncharov | Director, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5100 Mob.: +7 (903) 411-40-35 Direct line for investors only: +7 (861) 277-45-62 |
Dina Svishcheva | Manager, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5101 Mob.: +7-961-511-02-02 Direct line for investors only: +7 (861) 277-45-62 |
Company description:
Based in Krasnodar, in the Southern region of Russia, Open Joint Stock Company "Magnit" is the holding company for a group of entities that operate in the retail trade under the "Magnit" brand. The chain of "Magnit" stores is one of the leading food retail networks in Russia. As of December 31, 2011 the chain consisted of 5,006 convenience stores, 93 hypermarkets and 210 cosmetics stores (drogerie) in 1,389 locations in the Russian Federation.
Approximately two-thirds of the Company's stores are located in cities with a population of less than 500,000 inhabitants. Most of its stores are located in the Southern, North-Caucasian, Central and Volga regions. The Company also operates stores in the North-Western, Urals and Siberian regions.
As of December 31, 2011 the Company operated an in-house logistics system consisting of 14 distribution centers, employing automated stock replenishment systems and a fleet of 3,906 vehicles.
In accordance with the unaudited IFRS management accounts for 2011, the Company recorded consolidated revenue of approximately US$ 11,423 million and consolidated EBITDA of around US$ 934 million.
Related Shares:
MGNT.L