New Issue: Russia's Renaissance sells $25 million add-on to 13% notes due 2013 to yield 11½%

By Christine Van Dusen

Atlanta, Nov. 30 - Russia's Renaissance Consumer Funding Ltd. priced a $25 million add-on to its $225 million 13% notes due April 1, 2013 at 102.948 to yield 11½%, a market source said.

JPMorgan and Renaissance Capital were the bookrunners for the Regulation S-only deal.

Renaissance Consumer Funding is part of Renaissance Group, a finance and investment conglomerate based in Moscow.

Issuer:	Renaissance Consumer Funding Ltd.
Amount:	$25 million
Maturity:	April 1, 2013
Description:	Add-on to senior notes
Bookrunners:	JPMorgan, Renaissance Capital
Coupon:	13%
Price:	102.948
Yield:	11½%
Pricing date:	Nov. 25
Settlement date:	Dec. 3
Distribution:	Regulation S only
Total issue size:	$250 million, including $225 million priced previously

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