Important News

Renaissance Credit redeems its subordinated Eurobonds

22 May 2018

Renaissance Credit has redeemed in full and on time the nominal value of its subordinated Eurobonds (ISIN: XS0996297544). Coupon rate – 13.5%.

The total value of payments amounted to USD 85 400 000 including the coupon of USD 5 400 000 and nominal redemption value of USD 80 000 000.

The initial issuance of subordinated Eurobonds for USD 100 million with a maturity of 5.5 years took place in November 2013. Lead arrangers on the deal were Goldman Sachs International and Sberbank CIB. Renaissance Capital investment bank acted as co-arranger.