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Published on 4/12/2017 in the Prospect News Emerging Markets Daily.

New Issue: Russia’s X5 Retail unit prices RUB 20 billion of 9¼% three-year bonds

By Susanna Moon

Chicago, April 12 – X5 Retail Group NV announced the pricing of RUB 20 billion of 9¼% three-year bonds to be issued by wholly owned subsidiary X5 Finance BV.

Proceeds will be used to refinance debt.

X5 Retail is a Moscow-based holding company for a group of companies operating retail grocery stores.

Issuer:X5 Finance BV
Guarantor:X5 Retail Group NV
Issue:Bonds
Amount:RUB 20 billion
Maturity:April 2020
Coupon:9¼%
Pricing date:April 12
Settlement date:April 18
Ratings:Moody's: Ba2
S&P: BB
Fitch: BB

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