Moscow, 9 August 2016
X5 Retail Group N.V. ("X5" or "the Company"), a leading Russian food retailer (LSE ticker: “FIVE”), announces the offering of its RUB 5 billion BO-07 series ruble-denominated bonds, issued by LLC X5 Finance.
The coupon rate on the bonds, which have a put option after 2.5 years, is set at 9.75% p.a. The Company plans to use the proceeds from the issue to finance its current operations, including for debt refinancing in order to improve its loan portfolio structure.
The offering was arranged by VTB Capital, Raiffeisenbank, UniCredit Bank, and BK REGION.