20th Nov 2008 07:00
Press-release
Krasnodar
November 20, 2008
Dear Ladies and Gentlemen!
We would like to inform you that on November 19, 2008 LLC "Magnit-Finance" fulfilled its obligations of 6th coupon payment against bonds in the amount of 93,140,000 rubles and redemption of nominal value of bonds in the amount of 2,000,000,000 rubles.
Parameters of the bond issue:
For further information, please contact:
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Date of acceptance by NDC: |
November 21, 2005 |
|
Issuer: |
Limited liability company "Magnit-Finance" |
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Issuer's Taxpayer Id. Number: |
2310105783 |
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Type of securities: |
bonds |
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Name of issue/ tranche: |
Certified interest non-convertible bonds payable to bearer of 01 series with obligatory centralized holding |
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State registration number of issue: |
4-01-36102-R |
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Date of state registration of issue: |
October 27, 2005 |
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Depositary code of issue/ ISIN: |
RU000A0GJ0L9 |
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Date of offering initiation: |
November 23, 2005 |
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Nominal value: |
1,000.0000 |
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Nominal currency: |
Rubles |
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Number of securities per issue: |
2,000,000 |
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Maturity date: |
November 19, 2008 |
|
Circulation period (days): |
1,092 |
|
Number of coupons: |
6 |
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Authorized (head) depositary: |
Noncommercial Partnership "National Depository Center" |
|
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 Chistyak |
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 a holding company for a group of entities that operate in the retail trade under the "Magnit" name. The chain of "Magnit" stores is one of the leading operators in the Russian food retail market. As of September 30, 2008 the chain consisted of 2,394 convenience stores and 11 hypermarkets in 796 locations in the Russian Federation.
Approximately two-thirds of the Company's stores are located in cities with a population of less than 500 thousand. Most of its stores are located within the Southern, Central and Volga regions. The Company also operates stores in the North-Western and Urals regions.
As of September 30, 2008 the Company operated an in-house logistics system consisting of 8 distribution centers, employing automated stock replenishment systems and a fleet of 1,133 vehicles.
In accordance with the unaudited IFRS consolidated financial statements for 9M 2008, the Company posted consolidated revenues of approximately US$ 3,881 million and a consolidated EBITDA of around US$ 265 million.
Related Shares:
MGNT.L