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    Home Credit a.s. announces launch of Floating Rate Note issue for CZK 3 billion
    09/20/2006

    Home Credit a.s., a leading consumer finance provider in the Czech Republic, has launched today a domestic floating rate note issue for an aggregate amount of CZK 3 billion. The notes have a shorter 1st  coupon and will bear a spread of 230 bps over PRIBOR. The closing/settlement date will be 6 October 2006. The notes, which have a nominal value of CZK 1,000,000, will be issued at par and will mature in July 2009.

    “This transaction will further enhance our ability to fund efficiently our continued growth and increase the diversification of our funding sources. Proceeds from the bond issue will be used partly to repay the existing short-term liabilities of the company, and also to finance the further dynamic growth in our consumer finance activities in the areas of POS consumer loans, cash loans and revolving loans”, says Mr Milos Stibor, the Chairman of the Board, Home Credit a.s.

    “We believe the successful offering of the notes of Home Credit a.s. demonstrates the strong appetite amongst local and international investors in CZK-denominated assets of fast growing Czech companies. The order book showed a dynamic development during the book-building process. Finally, as a result of the healthy oversubscription for the notes, we managed to deliver favourable conditions to the issuer by fixing the margin of the bonds at the tight end of the originally indicated spread”, comments Ms Marketa Mühlhoferova, Head of Capital Markets, Ceska sporitelna.

    ”This successful transaction confirms a growing awareness and interest of foreign investors in the Czech domestic bond market. The success of the placement is an important prerequisite for the future funding of Home Credit, which is on good track to tighten the margins on its senior unsecured funding once it decides to approach the market in the future”, comments Mr Zoltan Toth, Senior Manager, Financial Institutions & Sovereigns, Raiffeisen Zentralbank Österreich AG.

    Ceska sporitelna, a.s. and Raiffeisen Zentralbank Österreich AG acted as the Joint Lead Managers and Bookrunners on the transaction.

    The notes were fully placed with institutional investors in the Czech Republic, Austria, the UK, Germany and Slovakia, and will be listed on the Secondary Market of the Prague Stock Exchange as at the closing date.

    The Prospectus in connection with the issue was approved by the Czech National Bank and it is available in line with applicable legal requirements, inter alia, on web pages www.homecredit.net.

    THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IT DOES NOT REPRESENT A PUBLIC OFFER OF ANY SECURITIES IN THE CZECH REPUBLIC OR IN ANY OTHER JURISDICTION AND/OR AN ANNOUNCEMENT OF ANY SUCH PUBLIC OFFER.

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