By Paul A. Harris
St. Louis, Jan. 25 - Eurasia Capital SA (Luxembourg), a special purpose entity of Home Credit & Finance Bank Russia, priced a $150 million three-year eurobond at par to yield 9 1/8%, according to market sources.
Price talk was the 9 1/8% area.
Citigroup ran the books for the Regulation S issue.
Proceeds will be used to expand the bank's loan portfolio and to develop the bank's regional distribution network in the Russian Federation.
The Russian financial institution specializes in consumer finance. Point-of-sale credit is its main product.
Issuer: | Eurasia Capital SA (Luxembourg) (Home Credit & Finance Bank Russia)
|
Amount: | $150 million
|
Maturity: | Feb. 4, 2008
|
Bookrunner: | Citigroup
|
Coupon: | 9 1/8%
|
Price: | Par
|
Yield: | 9 1/8%
|
Settlement date: | Feb. 4
|
Ratings: | Moody's: Ba3
|
| Standard & Poor's: B-
|
Price talk: | 9 1/8% area
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.