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X5 Ruble Bonds Issue

5th Jun 2009 07:10

RNS Number : 4306T
X5 Retail Group N.V.
05 June 2009
 



X5 TO BEGIn PLACEMENT OF CORPORATE BONDS

FOR TOTAL AMOUNT OF RUR 8 BLN ON 11 JUNE 2009

Amsterdam, 05 June 2009 - X5 Retail Group N.V., Russia's largest retailer in terms of sales (LSE ticker: "FIVE"), today announced that it plans to issue RUR 8 bln of corporate ruble bonds with a 7-year maturity and a put option in 2 years, through its 100%-owned subsidiary ZAO XFINANCE The placement via open subscription will commence 11 June 2009.

 

X5 Retail Group CFO Evgeny Kornilov commented:

"We believe that Russian ruble bond market begins offering interesting opportunities to quality borrowers and plan to take this chance to improve our debt structure and maturity profile".

ZAO Raiffeisenbank and CJSC VTB Capital” are Lead Managers of this bond issue, OJSC “ALFA-BANK” is Co-Lead Manager.

 

 

For further details please contact

Anna Kareva

IR Director

Tel.: +7 (495) 980-2729, ext. 41 323

e-mail: [email protected]

Svetlana Vitkovskaya

Head of PR Department

Tel.: +7 (495) 662-8888, ext. 31 140

e-mail: [email protected]

 

  

Note to Editors:

X5 Retail Group N.V. is Russia's largest retailer in terms of sales. The Company was created as a result of a merger between Pyaterochka (soft discounter chain) and Perekrestok (supermarket chain) on 18 May 2006. In June 2008, X5 acquired Karusel hypermarket chain and substantially strengthened its position in hypermarket format.

As at 31 March 2009X5 had 1,144 Company-managed stores located in Moscow, St. Petersburg and other regions of European Russia, Urals and Ukraine, including 886 soft discount stores, 209 supermarkets and 49 hypermarkets.

As at 31 March 2009, X5's franchisees operated 586 stores across Russia. 

For the full year 2008, X5's net sales including acquired Karusel business on pro-forma basis totalled USD 8,892 mln, EBITDA reached USD 803 mln, and net profit adjusted for non-cash goodwill impairment charge amounted to USD 112 mln.  

For the first quarter 2009, net sales totalled USD 1,867 mln, EBITDA reached USD 163 mln.

X5 Shareholder structure is as follows: Alfa Group - 47.9%, founders of Pyaterochka - 23.1%, X5 Management - 1.9%, treasury shares - 0.1%, free float - 27.0%.

Forward looking statements:

This announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the fact that they do not only relate to historical or current events. Forward-looking statements often use words such as" anticipate", "target", "expect", "estimate", "intend", "expected", "plan", "goal" believe", or other words of similar meaning.

By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances, a number of which are beyond X5 Retail Group N.V.'s control. As a result, actual future results may differ materially from the plans, goals and expectations set out in these forward-looking statements. 

 

Any forward-looking statements made by or on behalf of X5 Retail Group N.V. speak only as at the date of this announcement. Save as required by any applicable laws or regulations, X5 Retail Group N.V. undertakes no obligation publicly to release the results of any revisions to any forward-looking statements in this document that may occur due to any change in its expectations or to reflect events or circumstances after the date of this document.


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