OREANDA-NEWS. February 27, 2013. In the middle of February 2013, B&N Bank successfully placed the USD60 million 3 rd Series of Euro-Commercial Paper (ЕСР) at 7.5 % p.a. under its ECP Programme launched in summer of 2012. The Arrangers and Dealers for the issue are BCP Securities and VTB Capital.

As a result of meetings with investors, tenor of the notes was extended up to 1 year. B&N Bank held a road-show on the deal in early February 2013. The presentations took place in the historical financial centers of Switzerland - Zurich and Geneva. As B&N Bank Senior Vice President Irina Komarova acknowledged, for many years in the financial market the Bank has been working with international financial institutions and has proved itself as serious and reliable partner. “We are pleased to see our long-standing partners among the investors, and we hope that we are able to attract new partners along with the increase of the Bank's presence in international capital markets,” commented Ms. Komarova.

70% of orders in the bookbuilding were represented by Swiss private funds, banks and investment companies. As a result of a strong demand for the 3 rd Series ECP among Russian and foreign investors, the Bank considers an opportunity to place the 4 th issue with 6-month tenor over the next month.

Last year, the Bank received two tranches of USD 57 million under its ECP Programme. Key investors were banks and investment companies/funds from European countries, Russia, Asia and Australia.