trending Market Intelligence /marketintelligence/en/news-insights/trending/2pwzlpoxlgea5cf3rhqeva2 content esgSubNav
In This List

X5 places 10B-ruble bonds

Blog

Insight Weekly: Unease roils markets; US likely to slip into recession; firms' cash ratios fall

Blog

Christopher & Banks Corporation – tracking the early-warning signals of credit risk

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future


X5 places 10B-ruble bonds

X5 Retail Group NV on March 27 disclosed the placement of 10-billion-Russian-ruble-denominated series 001P-03 bonds issued by LLC X5 Finance.

The bonds have a put option after two years and have a coupon rate of 6.95% per annum.

The Russian retailer plans to use the proceeds from the issue to finance its current operations, including loan refinancing to improve its loan portfolio structure.

Raiffeisenbank, UniCredit Bank and BCS Global Markets arranged the offering. Raiffeisenbank also served as the placement agent.

As of March 26, $US1 was equivalent to 57.39 Russian rubles.