Russia’s B&N Bank to offer $15–30 mln ECPs in mid-September - Prime

Russia’s B&N Bank plans to offer 1-year Euro Commercial Papers (ECPs) worth U.S. $15-30 million with a yield of 4.5-4.75% in mid-September, as seen by PRIME in documents for the offering on Wednesday. B&N Bank will act as the organizer of the offering. The issue is likely to be placed on the over-the-counter market with a discount to a face value.

• Full name
  B&N Bank (Public Joint-Stock Company)
• Registration country
  Russia
• Industry
  Banks