12th Oct 2015 16:20
PJSC MAGNIT - Interest Rate of Coupon YieldPJSC MAGNIT - Interest Rate of Coupon Yield
PR Newswire
London, October 12
Not for release, publication or distribution in Australia, Canada, Japan or the United States.
These materials are not an offer for sale of securities in the United States. Securities may not be offered or sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. PJSC Magnit has not registered and does not intend to register any part of the offering in the United States or to conduct a public offering of any securities in the United States.
This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as “relevant persons”). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
In any EEA Member State that has implemented Directive 2003/71/EC (such Directive, together with any applicable implementing measures in the relevant home Member State under such Directive, the “Prospectus Directive”) this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive.
Securities of PJSC Magnit have not been and will not be registered under the applicable securities laws of Australia, Canada or Japan and, subject to certain exceptions, may not be offered or sold within Australia, Canada or Japan or to, or for the account or benefit of, citizens or residents of Australia, Canada or Japan except under circumstances which will result in the full compliance with the applicable laws and regulations promulgated by the relevant regulatory authorities in effect at the relevant time.
Press-release
Krasnodar
October 12, 2015
PJSC “Magnit” Announces the Interest Rate of the Coupon Yield against Exchange-Traded Bonds
Krasnodar, October 12, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”, the “Issuer”; MOEX and LSE: MGNT) announces the interest rate of the 1st, the 2nd and the 3rd coupon yield against Exchange-traded bonds of the BO-11 series.
The decision on the determination of the interest rate of the 1st coupon period of the Exchange-traded bonds was made by the PJSC “Magnit” CEO on October 12, 2015 (Decision w/o No. of October 12, 2015).
The decision on the determination of the interest rate of the 2nd and the 3rd coupon periods of the Exchange-traded bonds equal to the interest rate of the 1st coupon period of the Exchange-traded bonds was made by the PJSC “Magnit” CEO on October 12, 2015 (Decision w/o No. of October 12, 2015).
Parameters of the bonds issue:
| Type of securities: | Non-convertible interest-bearing certified exchange-traded bonds of the BO-11 series to the bearer with the obligatory centralized custody eligible for anticipated repayment at the request of their holders and at the discretion of the Issuer |
| Identification number of the issue and date of its assignment: | No 4B02-11-60525-P as of 30.07.2013 |
| Maturity date: | on the 1,820th day from the commencing date of the exchange-traded bonds placement |
| Amount of securities: | 10,000,000 bonds |
| Nominal value: | 1,000 rubles each |
| Total nominal value: | 10,000,000,000 rubles |
| Placement method: | open subscription |
| Reporting (coupon) period which the yield is paid for: | 1st coupon period (20.10.2015 – 19.04.2016) 2nd coupon period (19.04.2016 – 18.10.2016) 3rd coupon period (18.10.2016 – 18.04.2017) |
| Total amount of the accrued yield on Exchange-traded bonds: | 1st coupon: 583,400,000.00 rubles 2nd coupon: 583,400,000.00 rubles 3rd coupon: 583,400,000.00 rubles |
| Amount of the accrued yield on one Exchange-traded bond: | 1st coupon: 58.34 rubles 2nd coupon: 58.34 rubles 3rd coupon: 58.34 rubles |
| Total amount of interest subject to payment against one bond: | 1st coupon: 11.70% per annum 2nd coupon: 11.70% per annum 3rd coupon: 11.70% per annum |
| Method of payment: | monetary funds in the currency of the Russian Federation by means of non-cash settlement |
| Date of the obligation fulfillment: | 1st coupon period: 19.04.2016 2nd coupon period: 18.10.2016 3rd coupon period: 18.04.2017 |
| Coupon period within which holders of bonds may claim for acquisition of the Exchange-traded bonds by the Issuer: | 3rd coupon period |
For further information, please contact:
| Timothy Post | Director, Investor Relations Email: [email protected] Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562 |
| Dina Svishcheva | Deputy Director, Investor Relations Email: [email protected] Office: +7-861-277-45-54 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562 |
| Media Inquiries | PR and GR 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 September 30, 2015, Magnit operated 29 distribution centers and about 11,400 stores (9,246 convenience, 335 hypermarkets, and 1,807 drogerie stores) in approximately 2,297 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H 2015. Magnit had revenues of RUB 455 billion and an EBITDA of RUB 49 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