REG - X5 Retail Group N.V - X5 COMPLETES RUB 5 BN CORPORATE BOND OFFERING

X5 Retail NVAnnouncement

12/11/2019 13:00

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RNS Number : 1383T
X5 Retail Group N.V.
12 November 2019
 
X5 COMPLETES RUB 5 BN CORPORATE BOND OFFERING
Moscow, 12 November 2019 - X5 Retail Group ("X5" or the "Company"), a leading
Russian food retailer (LSE and MOEX ticker: "FIVE"), successfully completed a
001P-07 series rouble-denominated bond offering worth RUB 5 bn issued by
LLC X5 Finance.
The coupon rate on the bonds, which have a 2.5-year put option, was set at
6.65% p.a. The Company plans to use the proceeds to cover current expenses,
including loan refinancing to improve the current loan portfolio structure.
The offering was arranged by BCS Global Markets and Sberbank CIB, with
Raiffeisenbank acting as the placement agent.
Х5 Chief Financial Officer Svetlana Demyashkevich commented: "For the third
time in a row this year we have managed to achieve the lowest coupon rate
among all local market placements since the beginning of 2019. This
transaction marks an all-time low coupon rate for Х5's public bonds and the
lowest coupon among all straight corporate bond offerings in the Russian
market since early 2011. We would like to thank our investors and arrangers
for their continued support."
Aleksey Kupriyanov, Head of Debt Capital Markets at BCS Global Markets,
commented: "We are happy with our successful cooperation with X5, which has
enabled us to secure the lowest coupon rate in the corporate bond sector for
the second year in a row."
 
Note to Editors:
X5 Retail Group N.V. (LSE and MOEX: FIVE, Fitch - 'BB+', Moody's - 'Ba1',
S&P - 'BB', Expert RA - 'ruAA') is a leading Russian food retailer. The
Company operates several retail formats: the chain of proximity stores under
the Pyaterochka brand, the supermarket chain under the Perekrestok brand and
the hypermarket chain under the Karusel brand.
As of 30 September 2019, X5 had 15,752 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 14,850
Pyaterochka proximity stores, 811 Perekrestok supermarkets and 91 Karusel
hypermarkets. The Company operates 43 DCs and 4,029 Company-owned trucks
across the Russian Federation.
For the full year 2018, revenue totalled RUB 1,532,537 mln (USD 24,439 mln),
Adjusted EBITDA reached RUB 109,871 mln (USD 1,752 mln), and net profit for
the period amounted to RUB 28,642 mln (USD 457 mln). In 9M 2019, revenue
totalled RUB 1,265,130 mln (USD 19,440 mln), adjusted EBITDA reached RUB
95,975 mln (USD 1,475 mln), and net profit amounted to RUB 25,043 mln (USD 385
mln).
X5's Shareholder structure is as follows: CTF Holdings S.A. - 47.86%,
Intertrust Trustees Ltd (Axon Trust) - 11.43%, X5 Directors - 0.08%, treasury
shares - 0.01%, Shareholders with less than 3% - 40.62%.
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 of 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.
Elements of this press release contain or may contain inside information about
X5 Retail Group N.V. within the meaning of Article 7(1) of the Market Abuse
Regulation (596/2014/EU).
 For further details please contact:
 Natalia Zagvozdina                                                   Andrey Vasin
 Head of Corporate Finance and IR                                     Head of Investor Relations
 Tel.:+7 (495) 662-88-88 ext. 27-300                                  Tel.:+7 (495) 662-88-88 ext. 13-151
 e-mail: Natalia.Zagvozdina@x5.ru (mailto:Natalia.Zagvozdina@x5.ru)   e-mail: Andrey.Vasin@x5.ru (mailto:Andrey.Vasin@x5.ru)
 
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