B&N Bank issues series BO-P05 exchange-traded bonds in the amount of RUB 3 billion
B&N Bank has issued the fifth tranche of its series BO-P05 exchange-traded bonds (ISIN RU000A0JXXV5) with a nominal value of RUB 3 billion and redemption date of 21 July 2018, as part of its RUB 200 billion exchange-traded bond programme. The issue identification number of the bonds is 4B020500323B001P (registered on 11 July 2017) and the issue identification number of the bond programme is 402562B001P02E (registered on 5 October 2015).
The issue, with a bond par value of RUB 1,000 and 12 coupon periods, was taken up in full. Upon closing the order book on 31 July 2017, the issuer set the first coupon interest rate at 11.15% per annum. The other coupon rates are all set at the same level. Issuance of the exchange-traded bonds was through open subscription, using the trading and settlement systems of the Moscow Exchange; the issuer acted as placement agent.