OREANDA-NEWS. December 30, 2011. Commercial Bank Renaissance Capital LLC, which operates under the Renaissance Credit brand, has paid the seventh coupon on its Series 03 bonds (registration no. 40303354В, dated 23 August 2007). The total volume of the seventh coupon is RUB 77 892 397.44, up to RUB 45.87 per bond.

Commercial Bank Renaissance Capital LLC‘s Series 03 bond offering, with a total par value of RUB 4 bn, was placed on 19 June 2008. Coupon payments are made semiannually.

For the first and second coupons the coupon rate was 13.75% per annum; the third and fourth coupon rate was fixed at 25% per annum; the fifth and sixth coupon rate was 12.5%. The interest rate for the seventh and eighth coupons has been fixed at 9.25%.

About Renaissance Credit

Founded in 2003, Renaissance Credit is a leading consumer lending institution offering consumer loans, credit and debit cards and deposits to more than four million customers across Russia. Renaissance Credit is a trademark of CB Renaissance Capital (LLC), which holds banking license № 3354 issued by the Central Bank of Russia.