X5 Announces Put Option Results
09 Jul 2010

Amsterdam, 9 July 2010 - X5 Retail Group N.V. (“X5” or the “Company”), Russia's largest retailer in terms of sales (LSE ticker: “FIVE”), announces today that its wholly owned subsidiary X5 Finance LLC has executed it’s put-option under bond issue series 01.

The new annual rate for the next 8 semi-annual coupons is 7.95% with the next coupon payable on 04.01.2011. Within the framework of the put-option and in line with overall debt portfolio management X5
bought back 1 342 653 bonds or 15% of the total volume of the series 01 bond loan.

For reference:
* Non-convertible interest-bearing RUR-denominated corporate bond issue series 01 was issued by X5 Finance in July 2007 with a par value of RUR 9 bln. The bond matures on 01 July 2014 with put-option on 08 July 2010. Coupon rate for 1-6 coupon periods was 7.6%.

X5 Retail Group N.V.

LSE-Listed X5 Retail Group N.V. is Russia’s largest food retailer in terms of sales and the only multi-format operator in Russia and with a growing presence in Ukraine and Kazakhstan. The four primary retail investments held by X5 include leading supermarket chain Perekrestok, leading soft discounter chain Pyaterochka, Kopeyka, a leading discount grocery retailer, and Karusel, one of the leading hypermarket chains in Russia.

SEARCH