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X5 Retail Group closes book for bond placement

26th Sep 2013 16:31

RNS Number : 0412P
X5 Retail Group N.V.
26 September 2013
 



 

 

X5 CLOSES BOOK FOR BOND PLACEMENT

 

Moscow, 26 September 2013 - X5 Retail Group N.V., ("X5" or the "Company") a leading Russian food retailer (LSE ticker: "FIVE"), today announced that the Company has completed the placement of a corporate bonds issue in the amount of five billion Russian Roubles (the "Bond").

 

The Bond has an annual coupon rate of 9.1% 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 OAO Alfa Bank, ZAO VTB Capital and ZAO Raiffeisenbank while IC Region was a Co-Lead Manager and OAO Baltic finance agency.

 

 

 

For further details please contact

 

Gregory Madick

Executive IR Director

Tel.: +7 (495) 502-9783

e-mail: grego[email protected]

Vladimir Rusanov

Acting 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 June 2013, X5 had 4,031 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 3,419 soft discounter stores, 378 supermarkets, 79 hypermarkets and 155 convenience stores. The Company operates 29 DCs and 1,865 Company-owned trucks across the Russian Federation. At 30 June 2013, the number of X5 employees totaled 109 thousand.

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 first six months of 2013, net sales totaled USD 8,382 mln, EBITDA reached USD 576 mln and net profit amounted to USD 139 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
 
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