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Magnit
Capital/Financing Update • Sep 22, 2015
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Capital/Financing Update
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PJSC MAGNIT - 6th Coupon Yield Payment and Bonds Issue Redemption
PR Newswire
London, September 22
Press-release
Krasnodar
September 22, 2015
PJSC “Magnit” Announces the 6th Coupon Yield Payment and the Redemption of the Nominal Value of Bonds
Krasnodar, September 22, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), announces the 6th coupon yield payment against exchange-traded bonds and the redemption of the nominal value of bonds.
Please be informed that on September 21, 2015 PJSC “Magnit” fulfilled its obligation of the sixth coupon redemption against exchange-traded bonds of the BO-07 series in the amount of 221,900,000 rubles and the redemption of the nominal value of bonds.
Parameters of the bond issue:
| Type of securities: | Non-convertible interest-bearing certified exchange-traded bonds to the bearer of the B0-07 series with the obligatory centralized custody |
| Identification numbers of the securities issues and the date of their assignment: | ? 4B02-07-60525-P as of 10.08.2011 |
| Coupon period which the yield is paid for: | The sixth coupon period (23.03.2015- 21.09.2015) |
| The total amount of the interest to be paid against bonds: | 221,900,000 rubles excluding tax and other deductions |
| The amount of the interest to be paid against one bond: | 44.38 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: | September 15, 2015 |
| The date of the obligation fulfillment (the redemption of bonds): | September 21, 2015 |
| Basis for bonds redemption: | redemption of the nominal value of exchange-traded bonds according to the decision on the issuance of PJSC “Magnit” securities ratified by the Board of directors on July 14, 2011 |
| The total amount of the interest paid against bonds following the reporting period: | Following the 6th coupon period the amount of 221,900,000 rubles was paid excluding tax and other deductions; 220,689,402 rubles - adjusted for taxation. Obligation has been fulfilled. |
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: +7-861-277-4554 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 June 30, 2015, Magnit operated 29 distribution centers and over 10,700 stores (8,890 convenience, 311 hypermarkets, and 1,527 drogerie stores) in approximately 2,233 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.
