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Renaissance Capital floats debut $300 mln Eurobond issue

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MOSCOW, June 19 (RIA Novosti) - Leading Russian investment bank Renaissance Capital said Tuesday it had placed a debut $300 million Eurobond issue.

Renaissance Capital, an independent firm operating in Russia and former Soviet republics, said the bonds, with a three-year maturity, had been arranged by Renaissance Group and Citigroup.

The Eurobonds, carrying six semi-annual coupons, with the first coupon rate determined at 9.5% per annum during the placement, were purchased by investors from the United States (33%), Great Britain (32%), other European states (17%), Asia (4%) and Russia (14%), Renaissance Capital said.

The company is part of Renaissance Group, an independent group of finance and investment companies specializing in high-opportunity emerging markets. Renaissance Group is involved in investment banking, asset management, merchant banking and consumer finance.

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