HOME CREDIT & FINANCE BANK ANNOUNCES SUCCESSFUL PLACEMENT OF RUB 3 BILLION DOMESTIC BOND ISSUE
Written by admin on October 26th, 2006 in General.
19.10.2006 - Home Credit & Finance Bank (Moody’s Ba3/NP/D-, S&P B/C), a leading consumer finance provider in Russia, successfully placed its fourth domestic bond issue for the aggregate nominal amount of RUB 3 billion. The bonds, which have a nominal value of RUB 1,000 each, have been issued at par, will mature in October 2011 and carry a put option for investors exercisable in October 2008 at par. This represents Home Credit & Finance Bank’s 4th domestic bond issue, and demonstrates the strong support for the Bank’s strategy and further enhances its platform for profitable growth.