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At a glance: Deal type: Home Credit and Finance Bank debut securitization Size: €291 million Banks: HVB Group, (structurer, arranger and lead manager of Class A-1 notes) PPF Banka (manager for Class A-2 and Class B notes) Date: December 2005 |
Securitization is a relatively new asset class for the Russian market. Although several deals that were sold last year could claim unique features, Home Credit and Finance Bank’s €291 million securitization stands out.
Although the deal is HCFB’s first secured bond, the bank had plenty of experience from its parent company to fall back on.
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