By Wendy Van Sickle
Columbus, Ohio, Sept. 8 – LLC X5 Finance, a subsidiary of X5 Retail Group NV, has issued RUB 10 billion 7.6% 002P-1 series bonds, according to a press release.
The bonds have a three-year put option.
The company plans to use the proceeds to finance current expenses, including debt refinancing to improve the structure of its debt portfolio.
The offering was arranged by Sberbank CIB, Raiffeisenbank, Otkritie Bank and Gazprombank.
X5 is a Russian food retailer based in Moscow.
| Issuer: | LLC X5 Finance
|
| Issue: | Bonds, 002P-1 series
|
| Amount: | RUB 10 billion
|
| Arrangers: | Sberbank CIB, Raiffeisenbank, Otkritie Bank and Gazprombank
|
| Coupon: | 7.6%
|
| Put option: | After three years
|
| Announcement date: | Sept. 8
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
