B&N Bank Exchange Bonds Included in Lombard List of Bank of Russia
OREANDA-NEWS. January 26, 2015. According to the resolution of CBR Board of Directors as of December 29, 2014 B&N Bank’s BO-05 exchange bonds were included in the Lombard list of the Bank of Russia (identification number 4B020502562B dated December 25, 2013).
This fact is an evidence of a high level of the issuer creditworthiness.
In December 2014, B&N Bank placed BO-05 exchange bonds worth RUB 2 billion with a 6-year maturity and a 1-year put option (RUB 1,000 par value each). The issue was placed in full with 12 coupon periods of 183 days.
Currently B&N Bank has four outstanding domestic bond issues BO-02 - BО-05 totaling RUB 20 billion and ECP issue of series 06 totaling USD 47 million.
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