OREANDA-NEWS.  February 21, 2014. B&N Bank successfully placed in full exchange-traded bonds of BO-04 series in the total amount of RUB 2bn maturing in 6 years with 1-year put option.

During marketing the initial coupon range was set at 12.00-12.50% (YTP 12.36-12.89%). Investor’s demand exceeded more than RUB 2.8bn. On the close of the book-building period the issuer fixed the rate of the first coupon at 12.00% (YTP 12.36%).

The exchange bonds were placed by public subscription and traded at MICEX. Over 25 bids from investors were fixed in the course of placement. The securities depositary is NSD.

BO-04 issue fully meets the requirements to be included in the Quotation List “A1” and Lombard list of the Bank of Russia.

The lead managers of the issue are NOMOS-BANK, Bank Otkritie, Raiffeisenbank, UniCredit Bank and Russian Agricultural Bank.