X5 completes RUB 10 BN corporate bond offeringsX5 Retail Group ("X5" or the "Company"), a leading Russian food retailer (LSE and MOEX ticker: "FIVE"), successfully completed 001P-08 and 001P-09 series rouble-denominated bond offerings, each worth RUB 5 bn and issued by LLC X5 Finance.
The coupon rate on both bond offerings, which have a 3-year put option, was set at 6.70% p.a. The Company plans to use the proceeds to finance ongoing expenses, including debt refinancing to improve the structure of the current debt portfolio.
The offering was arranged by Credit Bank of Moscow, with Raiffeisenbank acting as the placement agent.
X5 Group is a leading Russian food retailer (LSE and MOEX ticker: "FIVE")