Important News

Renaissance Credit redeems its subordinated Eurobonds


22 June 2018

Renaissance Credit has redeemed in full and on time the nominal value of its subordinated Eurobonds (ISIN: XS0869792928). Coupon rate – 13.5%.

The total value of payments amounted to USD 48,656,650 including the coupon of USD 3,076,650 and nominal redemption value of USD 45,580,000.

The initial issuance of subordinated Eurobonds for USD 100 million with a maturity of 5.5 years took place in December 2012. In February 2013 Renaissance Credit made an additional issuance of subordinated Eurobonds for USD 50 million maturing in June 2018. The deal was arranged by Goldman Sachs International.