X5 announces settlement of debut RUB 20 billion eurobond issue

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Amsterdam, 19 April 2017 — X5 Finance B.V., a wholly owned subsidiary of X5 Retail Group N.V., together with X5 Retail Group N.V., a leading Russian food retailer (LSE ticker: "FIVE"), announce the closing and settlement of a debut RUB 20 billion eurobond issue due April 2020 with a coupon rate of 9.25% per annum paid semi-annually.

Igor Shekhterman, X5 CEO, said:

"I am happy to announce that X5 completed its debut eurobond issue, with significant investor interest across numerous geographies. This represents the largest rouble eurobond issue to be successfully priced since the market for this instrument re-opened in Q4 2016. We were happy to see very high-quality international investors, including large institutional funds and private banks participate in this issue. This has also enabled us to establish a strong benchmark for future issuance and to diversify the geography of our debt investor base."

The eurobonds were issued by X5 Finance B.V. with guarantees from X5 Retail Group N.V., Trade House "PEREKRIOSTOK" JSC and "Agrotorg Limited Liability Company".

X5 Retail Group N.V. intends to use the net proceeds of the issue to refinance existing indebtedness.​

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