Retailer X5 Retail Group has signed a number of agreements with Sberbank CIB for funding worth more than 45 billion rubles. up to three years, the press service of the retailer.
«X5 Retail Group announces that it has signed a number of agreements with Sberbank CIB for company financing in the amount of more than 45 billion rubles. up to three years ", - said in a statement.
The money will be used to refinance the current loan portfolio, which will reduce the weighted average interest rate on the debt portfolio X5.
As specifies Sberbank CIB, earlier the investment bank opened X5 limit for 130 billion rubles.
"The limit allows for the use of various forms of credit, depending on the needs of the group, as well as the opportunity to purchase bonds of Sberbank H5 portfolio to maturity", - stated in the message.
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