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Saturday, November 18, 2017

B&N pays more than $4 million for the fourth coupon on Series BO-01

B&N, one of Russia's largest commercial banks, has paid the fourth coupon on Series BO-01 bonds.

Payments for the fourth coupon period amounted to$ 4.96 million per bond. The total payment of BO-01 bonds amounted to $18,878,712.

The major shareholder of B&N, founded in 1993, is its president, Mikail O. Shishkhanov, who owns 97.6 percent of the shares.

B&N offers a wide range of corporate banking services, including lending to large corporate clients and SMEs, payment and account services, international settlements, trade finance and ECA-backed finance, payroll services, retail banking services, and financial markets activities.

RusRating has given B&N a solvency rating of AA-/BBB-, while Moody's Interfax has given it a solvency rating of Baa1.ru and Standard & Poor's has given it a short-term rating of B.

The bank has more than 120 regional offices.