By Paul A. Harris
St. Louis, Jan. 25 - Eurasia Capital SA (Luxembourg), a special purpose entity of Home Credit & Finance Bank Russia, priced a $150 million three-year eurobond at par to yield 9 1/8%, according to market sources.
Price talk was the 9 1/8% area.
Citigroup ran the books for the Regulation S issue.
Proceeds will be used to expand the bank's loan portfolio and to develop the bank's regional distribution network in the Russian Federation.
The Russian financial institution specializes in consumer finance. Point-of-sale credit is its main product.
| Issuer: | Eurasia Capital SA (Luxembourg) (Home Credit & Finance Bank Russia)
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| Amount: | $150 million
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| Maturity: | Feb. 4, 2008
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| Bookrunner: | Citigroup
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| Coupon: | 9 1/8%
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| Price: | Par
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| Yield: | 9 1/8%
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| Settlement date: | Feb. 4
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| Ratings: | Moody's: Ba3
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| Standard & Poor's: B-
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| Price talk: | 9 1/8% area
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