B&N Bank starts book building for 3 bln rbl exchange bonds
June 29, 2017 Prime
Russia’s B&N Bank has opened a bid book for 3 billion ruble 1-year exchange bonds, a banking source told PRIME on Thursday.
The first coupon rate guidance for the bonds stands at 11.00–11.25%, which corresponds to an 11.57–11.85% yield to maturity.
The technical placement of the bonds is scheduled for July 3.
B&N Bank and Sovcombank act as organizers.
Issue — B&N Bank, BO-P04
Country of riskRussia
Redemption (put/call option)
М/S&P/F— / — / —
Company — B&N Bank
Full nameB&N Bank (Public Joint-Stock Company)