OREANDA-NEWS. B&N Bank has issued the first tranche of its series BO-P01 (ISIN RU000A0JXM48) with a nominal value of RUB 3 billion and 1-year tenor, as part of its RUB 200 billion exchange-traded bond programme. The issue identification number of the bonds is 4B020100323B001P (registered on 24 March 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. The interest rate on all 12 coupons was set at 12.15%. Issuance of the exchange-traded bonds was through open subscription, using the trading and settlement systems of the Moscow Stock Exchange; the issuer acted as the placement agent.