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X5 completes RUB 10 BN corporate bond offerings

December 17, 2019. TAG: Retail Trade

X5 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 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.