Support The Moscow Times!

Home Credit Plans Bond

Home Credit and Finance Bank, one of the largest consumer-credit lenders in Russia, plans to raise $500 million in

7 1/2-year subordinated eurobond issue, IFR, a Thomson Reuters news and market analysis service, said Wednesday.

It added that yield guidance was set at about 9.5 percent for the deal, which will help the lender improve its Tier 2 capital adequacy ratio. Citigroup, HSBC and Sberbank CIB are arranging the deal.

Russian borrowers have raised almost $40 billion in eurobond deals so far this year, gaining on investors' positive attitude toward emerging markets.

(Reuters)

Related articles:

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.