OREANDA-NEWS. November 17, 2014. B&N Bank repaid 1-year 05 ECP issue (ISIN XS0988240064) of USD 22 million to the noteholders.  

BCP Securities and VTB Capital acted as Arrangers for the 05 ECP issue. The funds received from the ECP issue were used for financing of SME projects.    

USD300 million ECP Programme was registered by B&N Bank in summer 2012. Today there is one outstanding ECP issue of series 06 with a maturity of 12 months amounting to USD47 million. Initial yield for this issue was fixed at 7.5% p.a.