OREANDA-NEWS. December 19, 2014. B&N Bank has placed BO-05 exchange bonds (ID number is 4B020502562B dated December 25, 2013) in total amount of RUB 2 bln with the maturity period of 6 years and a put option in 1 year (RUB 1000 par value per each).

The issue was placed in full amount and it provides for 12 coupon periods of 183 days.

On the close of the book-building period on December 8, 2014, it was decided to fix the first coupon at 14.00% p.a., the second coupon is equivalent to the first one. Coupon rates for subsequent periods will be fixed by the issuer according to the issuer documentation. The exchange bonds were placed by public subscription with usage of trading and settlement systems of MICEX. B&N Bank acted as the placement agent.

The issue fully meets the requirements to be included in the quotation list "A1" of MICEX and also in the Lombard list of the Bank of Russia.

Currently B&N Bank has bond issues BO-01 – BO-05 in the total amount of RUB 18 bln and series 06 ECP with the maturity period of 12 months in the amount of USD 47 mln.