1. X5 Retail Group NV, Russia's largest supermarket chain, plans to sell 9 billion rubles ($345 million) of bonds next month partly to refinance debt to simplify borrowings structure, decrease costs of debt servicing, increase brand loyalty among professional investors.
2. It will buy back 4.5 billion rubles of bonds sold by a unit of its Pyaterochka chain, and repurchase 1.5 billion rubles of bonds in ZAO Trade House Perekrestok.
3. It will offer to buy back the bonds within three years at their nominal value
Refinancing debt can reduce expenses especially if you have combed through the fine print
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