Russia’s Magnit sets 11.2% coupon for 10 billion ruble bond offering

New York, Feb. 19 – PJSC Magnit said that it will sell 10 billion rubles of non-convertible interest-bearing certified exchange-traded bonds with a coupon of 11.2%.

The bonds will have a two-year maturity, according to notices from the company.

Gazprombank JSC is the underwriter and took orders on Thursday.

Magnit is a Krasnodar, Russia-based food retailer.

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