New York, March 27 – X5 Retail Group NV placed RUB 10 billion of bonds putable in two years with a 6.95% coupon, according to an announcement from the issuer.
Raiffeisenbank, UniCredit Bank and BCS Global Markets arranged the offering with Raiffeisenbank as placement agent.
Proceeds will be used to finance operations, including refinancing loans to improve the structure of borrowings.
X5 Retail is a Moscow-based food retailer.
| Issuer: | LLC X5 Finance (X5 Retail Group NV)
|
| Issue: | Series 001-03 bonds
|
| Amount: | RUB 10 billion
|
| Coupon: | 6.95%
|
| Put: | After two years
|
| Arrangers: | Raiffeisenbank (placement agent), UniCredit Bank and BCS Global Markets
|
| Announcement date: | March 27
|
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