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Published on 4/26/2011 in the Prospect News Emerging Markets Daily.

New Issue: Russia's Magnit places RUB 5 billion three-year exchange-traded bonds

By Jennifer Chiou

New York, April 26 - OJSC Magnit announced the completion of its fully subscribed issue of RUB 5 billion of non-convertible interest-bearing certified exchange-traded bonds, BO-06 series.

The bonds will mature in three years.

As announced early in March, the company settled its fully subscribed RUB 5 billion issue of BO-05 series exchange-traded bonds due 2014.

Questions may be directed to Oleg Goncharov (Goncharov@gw.tander.ru; 7 861 277-45-54, 210-98-10, ext. 5100) or Dina Svishcheva (Chistyak@gw.tander.ru; ext. 5101).

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

Issuer:OJSC Magnit
Issue:Non-convertible interest-bearing certified exchange-traded bonds, BO-06 series
Amount:RUB 5 billion
Maturity:Three years
Price:Par of RUB 1,000
Announcement date:April 13
Settlement date:April 26

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