11 May 2016 15:51
PJSC MAGNIT - Coupon Yield PaymentPJSC MAGNIT - Coupon Yield Payment
PR Newswire
London, May 11
Press-release
Krasnodar
May 11, 2016
PJSC “Magnit” Announces the 1st Coupon Yield Payment
Krasnodar, May 11, 2016: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), announces the 1st coupon yield payment against bonds of the BO-001P-01 series.
Please be informed that today PJSC “Magnit” fulfilled its obligation of the first coupon redemption against bonds of the BO-001P-01 series in the amount of 558,500,000 rubles.
Parameters of the bond issue:
| Type of securities: |
| |
| Identification number of the securities issue and the date of its assignment: | 4B02-01-60525-P-001P of 05.11.2015 | |
| Coupon period which the yield is paid for: | The first coupon period (11.11.2015-11.05.2016) | |
| 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: | May 10, 2016 | |
| The date of the obligation fulfillment: | May 11, 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 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.
MGNT.L (MGNT)