X5 offers corporate bonds
Moscow, 18 March 2016
X5 Retail Group N.V. ("X5" or "the Company"), a leading Russian food retailer (LSE ticker: “FIVE”), announces the offering of RUB 5 bln BO-05 series ruble-denominated bonds issued by OOO X5 Finance at 17 March 2016.
The coupon rate on the bonds with a put option after 2.5 years is set at 10.90%. The Company plans to use the proceeds to finance its current operations, including loan refinancing to improve the loan portfolio structure.
The offering was arranged by Alfa Bank, VTB Capital, Raiffeisenbank and BK REGION.
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