(Bloomberg) -- X5 Retail Group NV, Russia's largest
supermarket chain, borrowed $1 billion from banks led by Goldman
Sachs Group Inc. and Citigroup Inc. to refinance existing debt.
The money will go to refinance an $800 million loan taken
out last year to fund the merger of its two main chains, the
Moscow-based company said today in a statement. The new loan has
a one-year term.
Read more at Bloomberg Emerging Markets News
supermarket chain, borrowed $1 billion from banks led by Goldman
Sachs Group Inc. and Citigroup Inc. to refinance existing debt.
The money will go to refinance an $800 million loan taken
out last year to fund the merger of its two main chains, the
Moscow-based company said today in a statement. The new loan has
a one-year term.
Read more at Bloomberg Emerging Markets News
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