MAGNIT PJSC (MGNT)
April 10, 2018
Magnit Announces the Coupon Yield Payment and the Redemption of Bonds
Krasnodar, April 10, 2018: Magnit PJSC, one of Russia's leading retailers (the "Company"; MOEX and LSE: MGNT), announces the 4th coupon yield payment against bonds and the redemption of the nominal value of exchange-traded bonds.
Please be informed that today PJSC "Magnit" fulfilled its obligation of the fourth coupon redemption against bonds of the BO-001P-03 series in the amount of 528,500,000 rubles and the redemption of the nominal value of exchange-traded bonds.
Parameters of the bond issue:
For further information, please contact:
Public Joint Stock Company "Magnit" is one of Russia's leading retailers. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of December 31, 2017, Magnit operated 37 distribution centers and 16,350 stores (12,125 convenience, 243 hypermarkets, 208 Magnit Family stores and 3,774 drogerie stores) in 2,709 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the audited IFRS results for 2017, Magnit had revenues of RUB 1,143 billion and an EBITDA of RUB 92 billion. Magnit's local shares are traded on the Moscow 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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