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