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30 Aug 2016 07:31
PJSC MAGNIT - Coupon Yield PaymentPJSC MAGNIT - Coupon Yield Payment
PR Newswire
London, August 30
Press-release
Krasnodar
August 30, 2016
PJSC “Magnit” Announces the 1st Coupon Yield Payment
Krasnodar, August 30, 2016: Public Joint Stock Company “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), announces the 1st coupon yield payment against exchange-traded bonds.
Please be informed that on August 29, 2016 PJSC “Magnit” fulfilled its obligation of the first coupon redemption against bonds of the BO-001P-02 series in the amount of 558,500,000 rubles.
Parameters of the bond issue:
| Type of securities: | Non-convertible interest-bearing certified exchange-traded bonds to the bearer of the BO-001P-02 series with the obligatory centralized custody, International Securities Identification Number (ISIN) RU000A0JW662 |
| Identification number of the securities issue and the date of its assignment: | No. 4B02-02-60525-P-001P as of 24.02.2016 |
| Reporting (coupon) period which the yield is paid for: | The first coupon period (29.02.2016-29.08.2016) |
| The total amount of the interest to be paid against bonds: | 558,500,000 rubles excluding tax and other deductions |
| The amount of the interest to be paid against one bond: | 55.85 rubles |
| The total number of bonds against which the yield is paid: | 10,000,000 bonds |
| The method of payment: | Monetary funds in the currency of the Russian Federation by means of non-cash settlement |
| The record date: | August 26, 2016 |
| The date of the obligation fulfillment: | August 29, 2016 |
| The total amount of the interest paid against bonds following the reporting period: | Following the 1st coupon period the amount of 558,500,000 rubles was paid excluding tax and other deductions. Obligation has been fulfilled. |
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 June 30, 2016, Magnit operated 34 distribution centers and 12,888 stores (9,902 convenience, 398 hypermarkets and 2,588 drogerie stores) in 2,397 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H 2016, Magnit had revenues of RUB 522 billion and an EBITDA of RUB 52 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.
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