New Issue: Russia's Magnit completes RUB 5 billion placement of three-year bonds

By Toni Weeks

San Luis Obispo, Calif., April 2 - OJSC Magnit said it completed the placement of RUB 5 billion of its BO-08/BO-09 series interest-bearing nonconvertible certified bonds at par on Tuesday.

The company placed 5 million bonds, each with a par value of RUB 1,000, according to a company press release. The amount issued represents 100% of the securities subject to placement.

The notes will mature in 1,092 days, or about three years.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.