26 September 2019

X5 launches RUB 10 billion bond

Moscow, 26 September 2019 – X5 Retail Group N.V. ("X5" or "the Company"), a leading Russian food retailer (LSE and MOEX ticker: "FIVE"), announces the placement of a 001P-06 series rouble-denominated bond issue worth RUB 10 billion issued by LLC X5 Finance.

The coupon rate on the bonds, which have a 2.5-year put option, was set at 7.40% p.a. The Company plans to use the proceeds to cover current expenses, including loan refinancing to improve the current loan portfolio structure.

The offering was arranged by Alfa-Bank, Region, VTB Capital, Gazprombank, Credit Bank of Moscow, Raiffeisenbank and Sovcombank, with Raiffeisenbank acting as the placement agent.

Х5 Chief Financial Officer Svetlana Demyashkevich commented: "X5 continues to efficiently manage its debt portfolio. At the book closing date, we had achieved the lowest coupon rate seen this year on the local market. We thank the arrangers and the investors in this bond issue for our continued success on the debt markets."​