Magnit Announces Procedure of Bonds Placement and Terms for Offers Sub
OREANDA-NEWS. OJSC "Magnit" (the “Company”; the “Issuer”, MICEX and LSE: MGNT) announces the procedure of bonds placement and terms for the offers’ submission.
On February 19, 2013 the Issuer’s sole executive body (Chief Executive Officer) has determined the procedure of securities’ placement which states that the placement of interest-bearing non-convertible certified bonds of the 01 series to the bearer with the obligatory centralized custody, state registration number 4-01-60525-P as of 27.12.2012 (hereinafter - Bonds), shall be exercised via book-building at a fixed price and coupon rate for the first coupon period in accordance with the procedure defined by the Decision on securities’ issue.
The offers to execute the Preli minary agreements are to be delivered to the address of CJSC “ Sberbank CIB”.
The term for the offers’ submission to execute the Preliminary agreements with the potential acquirers of the Bonds stipulating the liability for the potential acquirers of the Bonds or Participants of the trades acting in their interests to execute in the future the principal agreements on disposal by them of the placed securities starts on February 19, 2013 at 11 am and ends on February 20, 2013 at 5 pm.
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