Magnit Announces Procedure of Exchange-Traded Bonds Placement
OREANDA-NEWS. OJSC "Magnit" (the “Company”; the “Issuer”, MICEX and LSE: MGNT) announces the procedure of exchange-traded bonds placement and terms for the offers’ submission.
On March 25, 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 exchange-traded bonds of the B0-08/B0-09 series to the bearer with the obligatory centralized custody, identification number of the issuance 4B0-08-60525-P/4B0-08-60525-P, admitted to trades in the process of placement 10.08.2011, 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 Preliminary 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 Exchange-traded bonds of B0-08/B009 series stipulating the liability for the potential acquirers of the Exchange-traded bonds or Participants of the trades acting in their interests to execute i n the future the principal agreements on disposal by them of the placed securities starts on March 25, 2013 at 14 pm and ends on March 26, 2013 at 5 pm.
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