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Press Release | Krasnodar | January 25, 2019
PJSC "Magnit" Announces the Interest Rate of the Coupon Yield against the Exchange-Traded Bonds
Krasnodar, Russia (January 25, 2019): Magnit PJSC (MOEX and LSE: MGNT; Issuer; Company; Group), one of Russia's leading retailers, announces the interest rate of coupon yield against the Exchange-traded bonds of the BO-003Р-01 series.
In accordance with Decision of the Chief Executive Officer of PJSC "Magnit" (Decision w/o No. of January 24, 2019), the interest rate of the 1st coupon of the non-convertible interest-bearing certified exchange-traded bonds of PJSC "Magnit" of the BO-003P-01 series to the bearer with the obligatory centralized custody, placed under the Program of the exchange-traded bonds with the identification number of 4-60525-P-003Р-02Е as of 30.01.2018 (hereinafter - the Bonds) is 8.70 (Eight point seventy) % per annum.
The interest rate of the 2nd, 3rd, 4th, 5th, 6th coupon periods is equal to the interest rate of the 1st coupon period.
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Reporting period which the Bond yield is paid for:
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The exchange-traded bonds have 6 coupon periods. The 1st coupon period lasts 182 days. The 2nd, 3rd, 4th, 5th, 6th coupon periods last 182 days.
1st coupon period: from the commencing date of the Bonds placement to the 182nd day from the commencing date of the Bonds placement;
2nd coupon period: from the 182nd day from the commencing date of the Bonds placement to the 364th day from the commencing date of the Bonds placement;
3rd coupon period: from the 364th day from the commencing date of the Bonds placement to the 546th day from the commencing date of the Bonds placement.
4th coupon period: from the 546th day from the commencing date of the Bonds placement to the 728th day from the commencing date of the Bonds placement.
5th coupon period: from the 728th day from the commencing date of the Bonds placement to the 910th day from the commencing date of the Bonds placement.
6th coupon period: from the 910th day from the commencing date of the Bonds placement to the 1 092th day from the commencing date of the Bonds placement.
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Total amount of the accrued Bond yield:
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1st coupon - 433,800,000.00 (Four hundred and thirty three million eight hundred thousand rubles 00 kopecks);
2nd coupon - 433,800,000.00 (Four hundred and thirty three million eight hundred thousand rubles 00 kopecks);
3rd coupon - 433,800,000.00 (Four hundred and thirty three million eight hundred thousand rubles 00 kopecks);
4th coupon - 433,800,000.00 (Four hundred and thirty three million eight hundred thousand rubles 00 kopecks);
5th coupon - 433,800,000.00 (Four hundred and thirty three million eight hundred thousand rubles 00 kopecks);
6th coupon - 433,800,000.00 (Four hundred and thirty three million eight hundred thousand rubles 00 kopecks);
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The amount of the accrued yield per one Bond:
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1st coupon - 43 (Forty three) rubles 38 (Thirty eight) kopecks;
2nd coupon - 43 (Forty three) rubles 38 (Thirty eight) kopecks;
3rd coupon - 43 (Forty three) rubles 38 (Thirty eight) kopecks;
4th coupon - 43 (Forty three) rubles 38 (Thirty eight) kopecks;
5th coupon - 43 (Forty three) rubles 38 (Thirty eight) kopecks;
6th coupon - 43 (Forty three) rubles 38 (Thirty eight) kopecks;
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The total amount of interest to be paid against Bonds and the amount of interest to be paid per one Bond:
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1st coupon - 8.70 (Eight point seventy) percent per annum;
2nd coupon - 8.70 (Eight point seventy) percent per annum;
3rd coupon - 8.70 (Eight point seventy) percent per annum;
4th coupon - 8.70 (Eight point seventy) percent per annum;
5th coupon - 8.70 (Eight point seventy) percent per annum;
6th coupon - 8.70 (Eight point seventy) percent per annum;
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Method of payment:
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Monetary funds in the currency of the Russian Federation by means of non-cash settlement
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The date when the obligation to pay the Bond yield shall be fulfilled:
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1st coupon period: the 182nd day from the commencing date of the Bonds placement;
2nd coupon period: the 364th day from the commencing date of the Bonds placement;
3rd coupon period: the 546th day from the commencing date of the Bonds placement.
4th coupon period: the 728th day from the commencing date of the Bonds placement.
5th coupon period: the 910th day from the commencing date of the Bonds placement.
6th coupon period: the 1 092nd day from the commencing date of the Bonds placement.
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For further information, please contact
Petr Molchanov Media Inquiries
Chief Investment Officer Media Relations Department
Email: molchanov_ps@magnit.ru Email: press@magnit.ru
Office: +7-861-277-4554 x 45000
Note to editors:
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, 2018, Magnit operated 37 distribution centers and 17,442 stores (12,813 convenience, 457 supermarkets and 4,172 drogerie stores) in 2,866 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H 2018, Magnit had revenues of RUB 595 billion and an EBITDA of RUB 44 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.
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