OREANDA-NEWS. CB Renaissance Credit (LLC) closed the order book for its issue of Eurobonds worth USD 350 mln. The bonds reach maturity 3 years from the date of placement and have a 7.75% coupon. Renaissance Consumer Funding Limited (Ireland) acted as the issuer. The Eurobonds were sold under RegS Only, and are now listed on the Irish Stock Exchange (ISE). Sberbank CIB1 was one of the lead managers of the deal.

CB Renaissance Credit (LLC) is one of Russia’s leading consumer lending banks and provides individuals with consumer loans, bank cards, deposits and other services.

Founded in 2003, Renaissance Credit is one of the hundred largest Russian banks and services 5.5 million clients nationwide. Renaissance Credit is present in 61 Russian regions. Its branch network includes 130 offices and 22,422 points of sale (as of March 31, 2013).

The ONEXIM Group is the majority shareholder of Renaissance Credit, The Group is one of the biggest Russian investors and holds a diversified portfolio of assets that covers financial services, utilities, metals & mining, and other sectors of the economy.