Reuters logo
BRIEF-Russia's X5 to get over 45 bln roubles of loans from Sberbank
December 21, 2016 / 12:36 PM / a year ago

BRIEF-Russia's X5 to get over 45 bln roubles of loans from Sberbank

Dec 21 (Reuters) - X5 Retail Group NV says:

* It has signed a number of agreements with Sberbank CIB, part of Sberbank, to obtain financing worth more than 45 billion roubles ($738 million) for up to three years;

* The loans will not increase the company’s leverage, as the entire amount will be used to refinance its existing debt, which, as a result, will decrease the weighted average interest rate on X5’s loan portfolio;

* In Q3 2016, Sberbank CIB offered X5 a single loan limit of 130 billion roubles. In addition, this enables Sberbank to purchase X5’s bonds and hold them to maturity. Source text for Eikon: Further company coverage: ($1 = 60.9732 roubles) (Reporting By Moscow Newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below