New bond issue: HCFB sells USD 500m in 2014 bonds
HCFB (Russia) on March 11, 2011 placed USD 500m in bonds, maturing in 2014. Citigroup, Credit Agricole arranged the deal.
Issuer, issue number: HCFB, 2014
Type of debt instrument: Eurobonds
Issue status: outstanding
Par, currency of issue: USD, 100000
Amount: 500 000 000
End of placement: Mar 11 2011
Yield at Pricing: 7%
Settlement Date: Mar 2011
Maturity date: Mar 2014
Issue Managers: Citigroup, Credit Agricole. co-managers: Gazprombank, PPF Banka
Cbonds pages:
Issuer profile:
Home Credit & Finance Bank (Moody’s Ba3/NP/D-, S&P B+/B) is one of the largest Russian retail banks with leading positions in certain segments of the consumer lending market, namely an almost 28% market share in the point-of-sale market and 8.5% market share of the credit card market as at 31 December 2009. HCFB offers its clients a wide range of retail banking products and services. HCFB’s products are offered through its well-developed distribution network comprising 32,770 POS outlets across over 1,200 cities throughout Russia. The Bank’s regional network comprised 82 representative offices, 181 banking offices and 6 branches across the Russian Federation as at 31 December 2009. Home Credit Group (“Group”) is one of the leading providers of consumer finance and increasingly retail banking in Central and Eastern Europe and Asia with 14,200 employees serving more than 5.7 million active customers. Financial services have been provided under Home Credit brand in 8 countries (as of 31 December 2009): Czech Republic (since 1997), Slovakia (since 1999), Russian Federation (since 2002), Kazakhstan (since 2005), Ukraine (since 2006), Belarus (since 2007), China (since 2007) and Vietnam (since 2009). More information available at
Home Credit Group. Home Credit Group is part of PPF Group, one of the largest international financial groups in the Central and Eastern European region. Assets managed by PPF Group exceeded EUR 10 billion as of 30 June 2009. PPF Group focuses on financial services (banking and consumer finance, insurance and pensions), private equity investments, and investments in real property. PPF Group actively seeks investment opportunities in the emerging markets of Central and Eastern Europe, Russia, Commonwealth of Independent States, and the Far East. More information available at
Skupina PPF.
Outstanding issues:
4 issue(s) outstanding worth RUR 17 000 000 000
3 issue(s) outstanding worth USD 1 450 000 000
Issuer's rating:
Moody's Investors Service Ba3/Stable Int. Scale (foreign curr) 22.11.2010
Moody's Investors Service Ba3/Stable Int. Scale (loc. curr.) 22.11.2010
Standard & Poor's B+/Stable Int. Scale (foreign curr.) 08.03.2011
Standard & Poor's B+/Stable Int. Scale (loc. curr.) 08.03.2011
Moody's Interfax Rating Agency Aa3.ru National Scale (Russia) 22.11.2010
National Rating Agency A- National scale (Russia) 01.07.2007