OREANDA-NEWS. March 06, 2013. An issue of 3-year, series BO-02 bonds of LLC Home Credit and Finance Bank with a notional value of RUB 3 bln was successfully placed.

The order book for the series BO-02 bonds was closed on February 25, 2013. During book-building, over 50 investor bids were received. The issue was oversubscribed by more than three times with total demand equaling RUB 9.4 bln.

Upon conclusion of book-building, the coupon rate for the bonds was set at 9.4% annually. Initial guidance for the coupon was in the range of 9.5-10% annually. Taking into consideration investor demand, the issuer made the decision to accept 36 investor bids.

Arrangers: Sberbank CIB1, Alfa Bank, and Raiffeisenbank.

Co-arrangers: Promsvyazbank, RONIN, Russian Agricultural Bank, and EFG AM.
 
Information for editors:

LLC Home Credit and Finance Bank (Moody’s – “Ba3”, Fitch – “BB-”) is one of Russia’s leading universal retail banks and has a client base of 24.3 mln. HCFB offers its clients a wide range of diverse loan products under various terms. The bank’s products can be acquired at over 64,500 partner retail points in all eight of Russia’s federal districts. As of September 30, 2012, the bank’s branch network consists of 5,963 offices of varying format. The bank has 1,081 ATMs and payment terminals. More information is available at www.homecredit.ru.

Home Credit B.V. (HCBV) is a leading player in the European consumer credit market and is also well positioned in Asia. The Group’s client base in Central and Eastern Europe, CIS, and Asia exceeds 30 mln. Retail banking services are also being developed in certain individual countries. The holding company Home Credit B.V. is registered in the Netherlands and is active in the Czech Republic, Slovakia, Russia, Belarus, Kazakhstan, China, India, and Indonesia*. More information is available at www.homecredit.eu.

* Home Credit B.V. has additionally reached an agreement with PPF N.V. concerning the future acquisition of 100% of Home Credit Consumer finance Co, Ltd (China), CF Commercial Consulting (Beijing) Co. Ltd (China) and PPF Vietnam Finance Company Limited (Vietnam). The closing of the deal is pending approval by the relevant authorities in China and Vietnam.