16 Jun 2009 19:48

Russia's HCFB fully placed 5 bln rubles in sixth-series bonds

MOSCOW. June 16 (Interfax) - Russia's Home Credit and Finance Bank (HCFB) placed 5 billion rubles in five-year sixth-series bonds in their entirety on Tuesday, the bank said in a statement.

The rate of the first coupon was set at 15.25%.

The bank called a buyback offer for the bonds on the third working day following the payment of the second coupon.

HCFB already has 13 billion rubles worth of second through fifth-series bonds outstanding.

Home Credit and Finance Bank was Russia's 35th largest bank by assets in the first quarter of 2009, according to the Interfax-100 ranking of the country's biggest lending institutions, compiled by the Interfax Center for Economic Analysis.