Russia's Magnit to book-build for placement of series BO-06 bonds

By Jennifer Chiou

New York, April 13 - OJSC Magnit announced the start of the book-building process for its placement of series BO-06 non-convertible interest-bearing certified exchange-traded bonds.

In a company press release, Magnit said that it will place the bonds at a fixed price and coupon, and investors have until April 22 to submit offers for the securities.

As announced early in March, the company settled its fully subscribed RUB 5 billion issue of BO-05 series exchange-traded bonds due 2014.

Questions may be directed to Oleg Goncharov (Goncharov@gw.tander.ru; 7 861 277-45-54, 210-98-10, ext. 5100) or Dina Svishcheva (Chistyak@gw.tander.ru; ext. 5101).

Magnit is the holding company for a chain of supermarkets and convenience stores and is based in Krasnodar, Russia.

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