By Reshmi Basu
New York, March 27 - Eurasia Capital SA sold a $200 million offering of loan participation notes (Ba3) at par to yield 9½%, according to a stabilization notice filed by one of the deal's bookrunners.
Eurasia Capital is a Luxembourg-based special-purpose vehicle created to fund loans to Moscow-based Home Credit and Finance Bank Ltd.
Home Credit & Finance Bank (Ba3/B) is the Russian arm of consumer lending group Home Credit, which belongs to the PPF international group, who is active in insurance, pension business, asset management, consumer finance and retail banking.
ABN Amro and BNP Paribas are lead managers for the Regulation S transaction.
| Issuer: | Eurasia Capital SA
|
| Borrower: | Home Credit & Finance Bank
|
| Amount: | $200 million
|
| Issue: | Loan participation fixed-rate notes
|
| Maturity: | April 11, 2010
|
| Coupon: | 9½%
|
| Issue price: | Par
|
| Yield: | 9½%
|
| Lead managers: | ABN Amro, BNP Paribas
|
| Pricing date: | March 27
|
| Distribution: | Regulation S
|
| Rating: | Moody's: Ba3
|
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