OREANDA-NEWS. July 03, 2014. B&N Bank repaid 1-year 04 ECP Series of USD 11.8 million (ISIN S0949803307) to its foreign investors. 

Arrangers and dealers for 04 ECP issue were BCP Securities and VTB Capital. The funds were used for the general corporate purposes, including financing of the customers’ export-import operations. 

USD300 million ECP Programme was registered by B&N Bank in summer 2012. Today B&N Bank has three outstanding ECP series - 05 and 06 with a maturity of 12 months and 07 with a maturity of 6 months for the total amount of US\\$94 million. Primary distribution yields for these issues were fixed at  6.7% p.a., 7.5% p.a. and 6.25% p.a. respectively.