1. X5 Retail Group NV, Russia's largest supermarket chain, plans to sell 9 billion rubles ($345 million) of bonds next month partly to fund expansion.
2. It will expand through store openings and acquisitions to tap rising Russian spending.
3. It is bidding for the Korzinka chain of 21 outlets in Lipetsk, central Russia for $110 million.
4. It also announced plans to raise $1 billion this year through a secondary share sale to fund expansion. It plans to increase the size of both its main chains and also develop a superstore network.
Expanding in an expanding economy = revenue
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