MAGNIT PJSC (MGNT)
December 28, 2017
Magnit Announces the Coupon Yield Payment and the Redemption of Bonds
Krasnodar, December 28, 2017: Magnit PJSC, one of Russia's leading retailers (the "Company"; MOEX and LSE: MGNT), announces the 3rd coupon yield payment against bonds and the redemption of the nominal value of exchange-traded bonds.
Please be informed that on December 28, 2017 PJSC "Magnit" fulfilled its obligation of the third coupon redemption against bonds of the BO-001P-04 series in the amount of 498,600,000 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 September 30, 2017, Magnit operated 36 distribution centers and 15,697 stores (11,743 convenience, 432 hypermarkets and 3,522 drogerie stores) in 2,664 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H 2017, Magnit had revenues of RUB 555 billion and an EBITDA of RUB 49 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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