By Aaron Hochman-Zimmerman
New York, Aug. 1 - Home Credit & Finance Bank priced $450 million of three-year loan participation notes at par with a coupon of 11¾% and a spread of Treasuries plus 912 basis points.
The deal was upsized from $250 million.
ABN Amro, Calyon and ING acted as bookrunners for the Regulation S only deal.
The notes will be putable on Aug. 11, 2010.
Home Credit is a Moscow-based lender.
| Issuer: | Home Credit & Finance Bank
|
| Amount: | $450 million
|
| Issue: | Loan participation notes
|
| Maturity: | Aug. 11, 2011
|
| Coupon: | 11¾%
|
| Price: | Par
|
| Yield: | 11¾%
|
| Spread: | Treasuries plus 912 bps
|
| Put: | Aug. 11, 2010
|
| Bookrunners: | ABN Amro, Calyon, ING
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 11
|
| Distribution: | Regulation S
|
| Price talk: | Par
|
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