OREANDA-NEWS. August 13, 2007. OREANDA-NEWS. August 13, 2007. Probusinessbank Group, one of Russia’s forty largest banking group by assets, announced today the successful issuance by PBB LPN Issuance, a Cypriot-based company, the ninth tranche under its US$750 million Loan Participation Note program. The tranche raised RUR 3 billion and was issued at an 9ѕ% coupon with a three-year tenor.

The money raised by the issuance will be on-lent by PBB LPN Issuance to Probusinessbank and used to fund the growth of both the bank’s corporate and retail loan portfolios. The arranger and dealer was BCP Securities LLC, a US-based boutique investment bank specializing in emerging markets fixed income securities.