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Published on 10/11/2011 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Renaissance buys back $35 million loan participation notes due 2013

By Toni Weeks

San Diego, Oct. 11 - Renaissance Consumer Funding Ltd. said it repurchased $35 million of 13% loan participation notes due April 1, 2013 (ISIN: XS049944837) on Sept. 29, according to a company filing with the London Stock Exchange.

Following this transaction, $195 million of the notes remains outstanding.

The issuer is a subsidiary of Moscow-based Renaissance Capital Bank.


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