Volga | Retail, FMCG

Matrix pays $15.5m to redeem 37% of bonds

24 Dec '08
Supermarket chain Matrix has paid $15.5m to redeem 37% of its second-series bonds, the company reported today.

The firm from the Republic of Bashkortostan has also offered bondholders to exchange the remaining 63% of the bonds for bills at a 20-percent rate.

Matrix placed $42m worth of its three-year bonds at the MICEX in December 2005.
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