OREANDA-NEWS. September 19, 2014. B&N Bank repaid 6-month 07 ECP issue (ISIN XS1045128870) of USD25 million to the noteholders.

BCP Securities acted as the arranger under the 07 ECP issue. The funds received from the ECP issue were used for financing of SME projects. 

USD 300 million ECP Programme was registered by B&N Bank in summer 2012. Today B&N Bank has two outstanding ECP series - 05 and 06 with a maturity of 12 months amounting to USD 69 million. Initial yields for these issues were fixed at 6.7% p.a. and 7.5% p.a. respectively.