OREANDA-NEWS. On 16 June 2009 X5 Retail Group N.V., Russia's largest retailer in terms of sales (LSE ticker: “FIVE”), announced that it issues RUR 8 bln of corporate ruble bonds with a 7-year maturity and a put option in 2 years, through its 100%-owned subsidiary ZAO X5 FINANCE. The placement via open subscription commenced 11 June 2009.

X5 Retail Group CFO Evgeny Kornilov commented:

“We believe that Russian ruble bond market begins offering interesting opportunities to quality borrowers and plan to take this chance to improve our debt structure and maturity profile”.

ZAO Raiffeisenbank and CJSC “VTB Capital” are Lead Managers of this bond issue, OJSC “Alfa-Bank” is Co-Lead Manager.