X5 completes RUB 10 bn corporate bond offering

Moscow, 28 May 2020 – X5 Retail Group N.V. ("X5" or the "Company"), a leading Russian food retailer that operates the Pyaterochka, Perekrestok and Karusel chains (LSE and MOEX ticker: "FIVE"), successfully completed 001P-11 series rouble-denominated bond offering in the amount of RUB 10 bn, issued by LLC X5 Finance.

The coupon rate on the bonds, which have a 2.5-year put option, was set at 5.75% p.a. The Company plans to use the proceeds to finance ongoing expenses, including debt refinancing to improve the structure of its debt portfolio.

The offering was arranged by BCS Global Markets, Gazprombank, Credit Bank of Moscow, Raiffeisenbank, Russian Agricultural Bank, Region and Sovcombank, with Raiffeisenbank acting as the placement agent.

X5 Chief Financial Officer Svetlana Demyashkevich commented: "We are pleased to note a high level of market demand in this issue. This time we managed to achieve a record low coupon rate for X5, compared with our past bond offerings, as well as the lowest coupon rate in the history of the entire Russian retail sector."

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