Connect with us


Rosbank participates in X5 Retail Group rub 15 billion club facility

Rosbank has participated in a RUB 15 billion Club Facility for X5 Retail Group N.V., a leading Russian food retailer (LSE: FIVE). Rosbank acted as a Mandated Lead Arranger together with a pool of other international financial institution in this notable transaction.

The facility is unsecured and consisted of two tranches, one for RUR 9.7 billion with a three-year tenor and rate of MosPrime plus 2.50% and another for RUR 5.3 billion with a five-year tenor and rate of MosPrime plus 2.75%. The proceeds were used on current loans repayment and financing of working capital needs.

Olga Yakimova, Rosbank senior vice-president, comments: “This transaction is one of the highlights of the Russian market so far this year, representing the largest RUB financing of a company from the retail sector. In the past five years this is the third loan transaction for X5 Retail Group in which our bank has participated, offering a good example of Societe Generale Group partnership with a leading Russian food retailer”.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Text Translator

Awards Ceremony

Click on the Image to view the Magazine

Global Brands Magazine is a leading brands magazine providing opinions and news related to various brands across the world. The company is head quartered in the United Kingdom. A fully autonomous branding magazine, Global Brands Magazine represents an astute source of information from across industries. The magazine provides the reader with up- to date news, reviews, opinions and polls on leading brands across the globe.

Copyright - Global Brands Publications Limited © 2022. Global Brands Publications is not responsible for the content of external sites.

Translate »