B&N Bank to place 5 bln rbl additional bonds at par

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
  outstanding
• Country of risk
  Russia
• Redemption (put/call option)
  *** (***)
• Amount
  24,000,000,000 RUB
• М/S&P/F
  — / — / —

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