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Press Release | Krasnodar | June 27, 2019
RAEX Rating Agency (Expert RA) assigned credit rating to the exchange-traded bonds of PJSC "Magnit"
Krasnodar, Russia (June 27, 2019): PJSC "Magnit"(MOEX and LSE: MGNT) (the "Company"), one of Russia's leading retailers, announces the assignment of the credit rating by RAEX Rating Agency (Expert RA) to the exchange-traded bonds of PJSC "Magnit".
Please note that on June 27, 2019 RAEX Rating Agency (Expert RA) assigned credit rating ruAA- to the exchange-traded bonds of PJSC "Magnit".
Type of securities:
Non-convertible interest-bearing certified exchange-traded bonds of PJSC "Magnit" of the BO-003P-03 series to the bearer with the obligatory centralized custody, placed under the Program of the exchange-traded bonds with the identification number of 4-60525-P-003P-02E as of 30.01.2018, bonds issue identification number 4B02-02-60525-Р-003P as 25.06.2019, ISIN: RU000A100H02 (the Exchange-traded bonds)
Identification number assigned to the issue and the date of assignment:
4B02-03-60525-P-003P of 25.06.2019
The information on the rating assignment methodology by Rating Agency Expert RA Is available on the website https://raexpert.ru/ratings/methods/current
For further information, please contact:
Director for Investor Relations
Office: +7 (861) 210-48-80
Director for Investor Relations
Office: +7 (861) 210-9810 x 15101
Media Relations Department
Note to editors:
Public Joint Stock Company "Magnit" is one of Russia's leading retailers. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of March 31, 2019, Magnit operated 38 distribution centres and 19,223 stores (13,909 convenience, 467 supermarkets and 4,847 drogerie stores) in 3,077 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the audited IFRS results for 2018, Magnit had revenues of RUB 1,237 billion and an EBITDA of RUB 90 billion. Magnit's local shares are traded on the Moscow Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's of BB.