13 May 2016 15:21
PJSC MAGNIT - Coupon Yield Payment and Advanced Redemption of BondsPJSC MAGNIT - Coupon Yield Payment and Advanced Redemption of Bonds
PR Newswire
London, May 13
Press-release
Krasnodar
May 13, 2016
PJSC “Magnit” Announces the 2nd Coupon Yield Payment and the Advanced Redemption of the Nominal Value of Bonds
Krasnodar, May 13, 2016: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), announces the 2nd coupon yield payment against bonds and the advanced redemption of the nominal value of bonds.
Please be informed that on May 13, 2016 PJSC “Magnit” fulfilled its obligation of the second coupon redemption against bonds of the 02, 03 series in the amount of 301,650,000 rubles / 301,650,000 rubles correspondingly 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 02, 03 series, International Stock Identification Number (ISIN) RU000A0JVE99 / RU000A0JVE81 |
| Identification numbers of the securities issues and the date of their assignment: | 4-02-60525-P / 4-03-60525-P as of 27.12.2012 |
| Reporting (coupon) period which the yield is paid for: | The second coupon period (13.11.2015 – 13.05.2016) |
| The total amount of the interest to be paid against bonds: | 301,650,000 rubles / 301,650,000 rubles correspondingly excluding tax and other deductions |
| The amount of the interest to be paid against one bond: | 60.33 rubles / 60.33 rubles correspondingly |
| The total number of bonds against which the yield is paid: | 5,000,000 bonds / 5,000,000 bonds correspondingly |
| The method of payment: | Monetary funds in the currency of the Russian Federation by means of non-cash settlement |
| The record date: | May 12, 2016 |
| The date on which the obligation for payment of the yield against the issuer’s securities shall be fulfilled: | May 13, 2016 |
| The total amount of the interest paid against bonds following the reporting period: | Following the 2nd coupon period the amount of 301,650,000 rubles / 301,650,000 rubles correspondingly was paid excluding tax and other deductions; 301,650,000 rubles / 301,650,000 rubles correspondingly - adjusted for taxation. Obligation has been fulfilled. |
| Basis for advanced bonds redemption: | redemption of the nominal value of bonds according to the Decision on the issuance of PJSC “Magnit” securities approved by the Board of Directors on October 29, 2012, and the Decisionof the CEO on the advanced redemption of the bonds w/o No. as of April 26, 2016 |
| The date of advanced redemption of bonds: | May 13, 2016 |
For further information. please contact:
| Timothy Post | Head of Investor Relations Email: post@magnit.ru Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562 |
| Investor Relations Office | MagnitIR@magnit.ru Direct Line: +7-861-277-4562 Website: ir.magnit.com/ |
| Media Inquiries | Media Relations Department press@magnit.ru |
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 March 31, 2016, Magnit operated 34 distribution centers and about 12,434 stores (9,715 convenience, 382 hypermarkets, and 2,337 drogerie stores) in 2,385 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the audited IFRS results 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.