Russia's Eurasia Capital to issue dollar-denominated bonds in 2005

By Reshmi Basu and Paul A. Harris

New York, Dec. 22 - Eurasia Capital SA plans to issue dollar-denominated eurobonds (Ba3 long term credit rating) in 2005, according to a market source.

Citigroup is running the Regulation S eurobond offering.

Proceeds will be used to develop the bank's loan portfolio and to expand its regional distribution network in Russia.

Eurasia Capital is the Russian branch of Home Credit and Finance Bank, which is based in the Czech Republic.

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