The initial coupon rate of 5.70%-5.80% per annum was reduced as part of bookbuilding to 5.65% per annum, setting the yield to maturity at 5.73% per annum. There is a call provision in 36 months. The issue is eligible to join the Bank of Russia’s Lombard List as well as be used as investment with pension savings and insurance reserves.
X5 Retail Group (MCX&LSE: FIVE) is one of Russia’s major food retailers managing a number of brands including convenience stores Pyaterochka, supermarkets Perekryostok and hypermarkets Karusel.
The company has international ratings from the world’s leading agencies, including BB+ from Fitch, Bа1 from Moody’s, BB from S&P, as well as ruAA+ from Expert RА.
It has recently come to our attention that some individuals in Estonia with whom we have no business relationship have received phone calls from an individual purporting to be a BCS GM employee and soliciting BCS GM investment services and investments. Please note that BCS GM does not maintain an office in Estonia. We also take no action to promote our services in Estonia through phone calls or otherwise. If you ever have any questions of whether a person contacting you is actually an employee of BCS GM, please do not hesitate to contact us at +44 20 7065 2161 or email at firstname.lastname@example.org
We also strongly recommend that you report any such cases to the national police.