Popular X5 signs $800m loan after increase
Russian supermarket group X5 signed an $800m three year unsecured loan on Friday, refinancing an existing $1.1bn facility due to mature in December 2010.
X5 increased the deal from $700m following an oversubscription of about 70%, according to a banker who saw the figures at an early stage.
The dual tranche deal is equally split between dollars and roubles. UniCredit was the co-ordinator and a mandated lead arranger along with BNP Paribas, Commerzbank, ...Already a subscriber? Login