Food Industry News

X5 Retail takes the Sberbank CIB 45 billion rubles

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.

See also ... 10/08/2015 X5 Retail focuses on Russian products03 / 06/2016 X5 Retail restrains rental rates 03/07/2015 Pyaterochka will tighten security requirements27 / 03/2015 X5 Retail Group decided to buy supermarkets Spar27 / 01/2016 X5 Retail overtook Magnit in growth rates 22/04/2015 X5 Retail increased its net profit by 66,5% 09/04/2015 X5 puts Pyaterochka in rural stores MO 10/08/2016 X5 Retai looked into Raycenter 22 / 03/2016 X5 Retail will pay 4 billion rubles to management28 / 10/2016 X5 Retail adapts to the new law “On Trade” 06/04/2015 Discrimination revealed in Perekrestok 06/07/2015 Carousel hypermarkets will become more compact05 / 10/2016 X5 Retail transfers stores to Apple Pay 14/07/2015 X5 increased revenue in the first half of the year by 27,3% 19/02/2015 X5 Retail will employ former employees of Russian Railways

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