25th Feb 2016 07:00
PJSC MAGNIT - 6th Coupon Yield Payment and Bonds Issue RedemptionPJSC MAGNIT - 6th Coupon Yield Payment and Bonds Issue Redemption
PR Newswire
London, February 25
Press-release
Krasnodar
February 25, 2016
PJSC “Magnit” Announces the 6th Coupon Yield Payment and the Redemption of the Nominal Value of Bonds
Krasnodar, February 25, 2016: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), announces the 6th coupon yield payment against bonds and the redemption of the nominal value of bonds.
Please be informed that on February 24, 2016 PJSC “Magnit” fulfilled its obligation of the sixth coupon redemption against bonds of the 01 series in the amount of 211,900,000 rubles and the redemption of the nominal value of bonds.
Parameters of the bond issue:
| Type of securities: | Non-convertible interest-bearing certified bonds to the bearer with the obligatory centralized custody of the 01 series |
| Identification numbers of the securities issues and the date of their assignment: | No. 4-07-60525-P as of 27.12.2012 |
| Coupon period which the yield is paid for: | The sixth coupon period (25.08.2015 - 23.02.2016) |
| The total amount of the interest to be paid against bonds: | 211,900,000 rubles excluding tax and other deductions |
| The amount of the interest to be paid against one bond: | 42.38 rubles |
| The total number of bonds against which the yield is paid (the number of redeemed bonds): | 5,000,000 bonds |
| The method of payment: | Monetary funds in the currency of the Russian Federation by means of non-cash settlement |
| The record date: | February 20, 2016 |
| The date of the obligation fulfillment (the redemption of bonds): | February 23, 2016. According to the issuing documents, if the date of the yield payment is a non-working day, the funds shall be transferred on the first working day following the day-off or holiday (February 24, 2016). |
| Basis for bonds redemption: | redemption of the nominal value of bonds according to the decision on the issuance of PJSC “Magnit” securities ratified by the Board of directors on October 29, 2012 |
| The total amount of the interest paid against bonds following the reporting period: | Following the 6th coupon period the amount of 211,900,000 rubles was paid excluding tax and other deductions; 211,900,000 rubles - adjusted for taxation. Obligation has been fulfilled. |
For further information. please contact:
| Timothy Post | Head of Investor Relations Email: [email protected] Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562 |
| Investor Relations Office | [email protected] Direct Line: +7-861-277-4562 Website: ir.magnit.com/ |
| Media Inquiries | Media Relations Department [email protected] |
Company description:
Magnit is Russia's largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of December 31, 2015, Magnit operated 33 distribution centers and 12,089 stores (9,594 convenience, 374 hypermarkets, and 2,121 drogerie stores) in 2,361 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the unaudited IFRS management accounts for 2015, Magnit had revenues of RUB 951 billion and an EBITDA of RUB 104 billion. Magnit's local shares are traded on the Moscow Stock Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's of BB+. Measured by market capitalization, Magnit is one of the largest retailers in Europe.
Related Shares:
MGNT.L