Russia's Magnit places RUB 5 million of three-year bonds at par

By Susanna Moon

Chicago, Feb. 26 - OJSC Magnit said it placed RUB 5 million of its series 01 interest-bearing nonconvertible certified bonds at par on Tuesday.

The notes will mature in 1,092 days, or about three years, according to a company press release.

The company announced its plans to issue the bonds on Feb. 19.

The fixed price and coupon for the first interest payment period were to be set via a bookbuilding process, according to a previous press release.

The submission of offers began at 2 a.m. ET on Feb. 19 and ended at 8 a.m. ET on Feb. 20.

CJSC Sberbank CIB was the agent.

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

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