By Susanna Moon
Chicago, Oct. 30 - X5 Retail Group NV said it closed a RUB 5 billion placement of 8.85% three-year corporate bonds.
Proceeds will be used to refinance short-term obligations and improve the company's debt maturity profile, according to a company press release.
The lead managers were Alfa Bank, Raiffeisenbank and Unicreditbank.
X5 Retail is a Moscow-based holding company for a group of companies operating retail grocery stores.
| Issuer: | X5 Retail Group NV
|
| Issue: | Corporate bonds
|
| Amount: | RUB 5 billion
|
| Maturity: | Three years
|
| Coupon: | 8.85%
|
| Managers: | Alfa Bank, Raiffeisenbank and Unicreditbank
|
| Announcement date: | Oct. 30
|
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