New Issue: Russia's Home Credit prices $500 million 7% notes due 2014 at par

By Christine Van Dusen

Atlanta, March 11 - Russia's Home Credit and Finance Bank LLC sold $500 million notes due March 18, 2014 (Ba3/B+/) at par to yield 7% on Friday, a market source said.

The notes priced at the tight end of talk of 7% to 7¼%.

Citigroup and Credit Agricole were the bookrunners for the Regulation S-only deal.

Home Credit and Finance Bank is a lender based in Moscow.

Issuer:	Home Credit and Finance Bank LLC
Amount:	$500 million
Maturity:	March 18, 2014
Description:	Senior notes
Bookrunners:	Citigroup, Credit Agricole
Co-managers:	Gazprombank, PPF Banka
Coupon:	7%
Price:	Par
Yield:	7%
Trade date:	March 11
Settlement date:	March 18
Ratings:	Moody's: Ba3
	Standard & Poor's: B+
Distribution:	Regulation S only
Price talk:	7% to 7¼%

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