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X5 closed book for bond placement

30th Oct 2013 07:00

RNS Number : 7206R
X5 Retail Group N.V.
30 October 2013
 

 

 

 X5 CLOSEd BOOK FOR BOND PLACEMENT IN THE AMOUNT OF FIVE BLN ROUBLES

 

Moscow, 30 October 2013 - X5 Retail Group N.V., ("X5" or the "Company") a leading Russian food retailer (LSE ticker: "FIVE"), today announced that the Company has closed the book for placement of corporate bonds in the amount of five billion Russian Roubles (the "Bond") at Moscow Exchange.

 

The Bond has an annual coupon rate of 8.85% and a three-year maturity. X5intends to use the proceeds from the Bond to refinance short-term obligations and improve the Company's debt maturity profile.

 

The Lead Managers for the Bond offering were Alfa Bank, Raiffeisenbank and Unicreditbank.

 

 

 

For further details please contact

 

Gregory Madick

Executive IR Director

Tel.: +7 (495) 502-9783

e-mail: grego[email protected]

Vladimir Rusanov

Head of PRTel.: +7 (495) 662-8888, ext. 31-328

e-mail: [email protected]

 

 

Note to Editors:

X5 Retail Group N.V. (LSE: FIVE, Moody's - "B2", S&P - "B+") is a leading Russian food retailer. The Company operates several retail formats: the soft discounter chain under the Pyaterochka brand, the supermarket chain under the Perekrestok brand, the hypermarket chain under the Karusel brand, the online retail channel under the E5.ru brand and convenience stores under various brands.

At 30 September 2013, X5 had 4,187 Company-operated stores. It has the leading market position in both Moscow and St. Petersburg and a significant presence in the European part of Russia. Its store base includes 3,568 Pyaterochka soft discounter stores, 382 Perekrestok supermarkets, 78 Karusel hypermarkets and 159 convenience stores. The Company operates 29 DCs and 1,820 Company-owned trucks across the Russian Federation.

For the full year 2012, net sales totaled USD 15,795 mln, EBITDA reached USD 1,124 mln, and net loss amounted to USD 126 mln. For the nine months of 2013, net sales totaled USD 12,152 mln, EBITDA reached USD 862 mln and net profit amounted to USD 209 mln.

X5's Shareholder structure is as follows: Alfa Group - 47.86%, founders of Pyaterochka - 16.35%, X5 Directors - 0.02%, treasury shares - 0.06%, free float - 35.71%.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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