Popular X5 signs $800m loan after increase

13 Sep 2010

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, ...

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