23 April 2019

X5 places RUB 5 bln in corporate bonds

Moscow, 23 April 2019 – X5 Retail Group N.V. ("X5" or the "Company"), a leading Russian food retailer (LSE and MOEX ticker: "FIVE"), announces the placement of RUB 5 bln in rouble-denominated series 001P-05 bonds issued by LLC X5 Finance.

The coupon rate on the bonds, which have a put option after 3 years, has been set at 8.45% p.a. The Company plans to use the proceeds from the issue to finance its current operations, including loan refinancing to improve the structure of the loan portfolio.

The offering was arranged by BCS Global Markets, VTB Capital, Gazprombank, Credit Bank of Moscow, Otkritie Bank, Raiffeisenbank, Russian Agricultural Bank and Sovkombank.

The placement agent was Raiffeisenbank.

X5 Retail Group CFO Svetlana Demyashkevich commented: "This bond placement has enhanced the quality of X5’s loan portfolio and enabled us to reduce borrowing costs. We have further improved both the coupon rate and the terms of financing from our previous debt issue this year."