Home Credit & Finance Bank: Successful placement of HCFB 4 bond

Gazprombank and Home Credit Bank have successfully completed HCFB-4 bond issue placement in the secondary market.

Home Credit Bank and Gazprombank (GPB) have successfully completed the placement of the HCFB-4 bond issue in the secondary market. As indicated by the book-building results, the secondary placement price amounted to 101.25%. The effective rate of return is 13.06%.

During the book-building process, demand exceeded supply by 40% in terms of both volume and the pool of investors. This testifies to the liquidity of the security and the issuer’s high credit standing.

As shown by the placement results, 20 bids were satisfied and a total of 2.961 million bonds were sold for more than 3 billion roubles.

Characteristics of the HCFB-4 issue

Nominal volume 3 billion roubles
Bond circulation period until October 2011
Coupon rate 14%
Payout frequency every three months
Listing/Lombard list А1/Da

Dmitri Mosolov, Deputy Chief Executive of Home Credit Bank: “We are pleased by the results of the placement. The strong demand for the bonds confirms the issuer’s strong standing and the liquidity of the securities and it also indicates that the Russian bond market is recovering. I would also like to recognise our cooperation with Gazprombank in placing the bond issue in the secondary market.”

Akaky Beruchashvili, GPB Executive Vice President: ”Thanks to Gazprombank’s focused work with various groups of investors, we were able to complete successfully the HCFB-4 bond placement transaction, which demonstrated investors’ strong interest in HCFB’s business and in its consistent financial indicators.”



Alena Zheltova
Head of Corporate Financing and Investor Relations, HCFB
Tel: (+7) 495 785 82 25 (4431)


Milan Tomanek
Head of PPF Group communications
Tel: +420 224 174 066

Sofia Abdrazakova
Strategic communications, HCFB
Tel: (+7) 495 514 1019


ООО Home Credit and Finance Bank (‘‘HCFB’’) [Moody’s Ba3/NP/D-, S&P B+/В] is one of the leaders of the Russian retail banking market with a 26% consumer credit market share and a 10% share of the credit card market (as at 30 June 2009). HCFB offers its clients a wide variety of credit products under various conditions. Its products are available in more than 29 thousand partner shops in 1,200 cities and towns of Russia. The HCFB’s regional network consists of 83 agencies, 172 offices and 6 subsidiaries in Russia (as at 30 June 2009).

HCFB is a member of the Home Credit Group. Home Credit Group companies operate in CEE as well as CIS and Far East finance markets. During 2008 HCG had granted loans in the combined principal of EUR 3.6 billion. Home Credit Group maintains one of the leading positions in the consumer finance markets of the Czech Republic (Home Credit, since 1997), the Slovak Republic (Home Credit Slovakia, since 1999), the Russian Federation (Home Credit & Finance Bank, since 2002), Ukraine (OJSC Home Credit Bank since 2006) and Belarus (OJSC Home Credit Bank since 2007).

The Home Credit Group is a member of PPF Group, established in 1991, which is a leading international investment group. PPF Group focuses on financial services (banking, insurance and consumer finance), private equity investments, and investments in real property. PPF Group also actively seeks investment opportunities and executes strategic investments in emerging markets of the Central and Eastern Europe and Asia. During its 18 years in business, PPF Group has become an important international financial investor, managing assets of EUR 10.1 billion as of 30 June 2009.