Source - SMW
X5 Retail Group, a leading Russian food retailer, has announced the offering of its RUB15 billion 001P-01 series ruble-denominated bonds, issued by LLC X5 Finance.

The coupon rate on the bonds, which have a put option after 3 years, is set at 9.45% p.a. 

The company plans to use the proceeds from the issue to finance its current operations, including for debt refinancing in order to improve its loan portfolio structure.