September 14, 2016 | Cbonds
|Russia’s B&N Bank, also known as Binbank, plans to place 5 billion ruble additional issues of exchange bonds of the second series at par, the bank said in a statement Wednesday.|
On Tuesday, the bank set the guidance for the price of a 15th additional issue worth 2 billion rubles and an 18th additional issue worth 3 billion rubles at no less than 100% of a face value. Both issues mature in September 2025. The technical placement is scheduled for Thursday.
B&N Bank and Sovcombank act as the placement’s organizers.
Currently, the bank has a total of 19 billion rubles of exchange bonds of the second series in circulation, including additional issues.
|Status||Country of risk||Maturity (option)||Amount||Issue ratings (M/S&P/F)|
Company: BINBank (doesn't exist)
|Full company name||B&N Bank (Public Joint-Stock Company)|
|Country of risk||Russia|
|Country of registration||Russia|