By Wendy Van Sickle
Columbus, Ohio, Dec. 1 – X5 Finance LLC, a subsidiary of X5 Retail Group NV, has issued RUB 20 billion 8.9% 002P-2 series bonds, according to a press release.
The bonds have a 2.5-year put option.
The company plans to use the proceeds to finance current expenses, including debt refinancing.
The offering was arranged by Gazprombank, Credit Bank of Moscow, Bank Sinara, Region BC and RRDB.
X5 is a Russian food retailer based in Moscow.
| Issuer: | X5 Finance LLC
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| Amount: | RUB 20 billion
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| Issue: | Bonds, 002P-2 series
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| Arrangers: | Gazprombank, Credit Bank of Moscow, Bank Sinara, Region BC and RRDB
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| Coupon: | 8.9%
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| Put option: | After 2.5 years
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| Announcement date: | Dec. 1
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