Russia's Magnit plans series 01 interest-bearing nonconvertible bonds

By Toni Weeks

San Luis Obispo, Calif., Feb. 19 - OJSC Magnit plans to price series 01 interest-bearing nonconvertible certified bonds, according to a news release.

The fixed price and coupon for the first coupon period will be determined via a book-building process.

The submission of offers will begin at 2 a.m. ET on Feb. 19 and end at 8 a.m. ET on Feb. 20.

CJSC Sberbank CIB will assist with the placement.

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

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