Russia's X5 Retail to issue bond on June 11

MOSCOW, June 5 (Reuters) - Russia's largest retailer by sales, X5 (PJPq.L), said on Friday it planned to begin placement of an 8 billion rouble ($259.1 million) bond on June 11 to improve its debt structure and maturity profile.

The seven-year bond with a two-year put option will be placed via open subscription, X5 said in a statement.

The issue organiser told Reuters last month X5 planned to sell the bond with a 18.5-19.5 percent coupon. [ID:nLQ122945]

Raiffeisenbank and VTB Capital are lead managers of the issue, while Alfa-Bank is co-lead manager. (Reporting by Maria Kiselyova; Editing by David Cowell)