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X5 places RUB 5 bln in corporate bonds

February 04, 2019. TAG: Retail Trade

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-04 bonds issued by LLC X5 Finance.

The coupon rate on the bonds, which have a put option after 2.5 years, has been set at 8.5% 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, BK REGION, Credit Bank of Moscow, Gazprombank, and Raiffeisenbank.

The placement agent was Raiffeisenbank.

X5 Retail Group CFO Svetlana Demyashkevich commented: "We are pleased with the results of this bond issue and would like to thank the arrangers and our investors. X5 has reached the lowest coupon rate among all local market placements since the beginning of the year."​

X5 Retail Group

X5 Retail Group is the leading multi-format food retailer in Russia. X5 shares are listed on the London Stock Echange (LSE) and Moscow Exchange in the form of Global Depositary Receipts under the ticker "FIVE". The Company operates several retail formats, including the chain of conveniently located proximity stores under the Pyaterochka brand, the supermarket chain under the Perekrestok brand, the hypermarket chain under the Karusel brand.