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Russia’s Magnit plans to redeem series 2 and series 3 certified bonds
By Susanna Moon
Chicago, April 27 – PJSC Magnit said it plans to redeem its series 2 and series 3 bonds.
On Tuesday, the “sole executive body of the issuer – the CEO – made the decision on the advance redemption” of the certified bonds with registration numbers 4-02-60525-P, 4-03-60525-P, according to a company announcement.
“This event may significantly affect the value” of those securities, the company said.
Magnit is a Krasnodar, Russia-based food retailer.
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