Home Credit & Finance Bank (“HCFB” or “the Bank”), rated Moody’s Ba3/NP/D-, S&P B+/B, and one of the leading banks specializing in consumer banking in Russia, announces the launch of Syndication.
Home Credit and Finance Bank LLC (“HCFB””) has mandated Calyon, Erste Bank der oesterreichischen Sparkassen AG (“Erste Bank”) and ING Bank N.V. (“ING”) (jointly the "Initial Mandated Lead Arrangers" and “Bookrunners”) to arrange a EUR 125,000,000 Term Loan Facility (the “Facility”).
The Facility, which has a 364 day maturity, will be used for general corporate purposes including funding of HCFB’s consumer loan portfolio and pays a margin of 3.25% per annum over Euribor.
Syndication was launched 10 July 2008.
Potential lenders have been invited to join the Facility at one of the following levels:
Status Commitment Level Participation Fee All-in pricing
Mandated
Lead Arranger EUR 10,000,000 150 bps flat 475 bps flat
Arranger EUR 7,500,000 130 bps flat 455 bps flat
Co-Arranger EUR 5,000,000 115 bps flat 440 bps flat
Lead Manager EUR 2,500,000 100 bps flat 425 bps flat |
