Russian BIN Bank considers placing two bonds worth a total RUB3bn(USD103.4m/EUR69.5m), which will help it boost its ruble-denominated loans provision to corporate clients, the bank said today.
The RUB1bn and RUB2bn bond issues will be offered publicly on the Moscow Interbank Currency Exchange (MICEX) and will not bear an option for early redemption.
The Russian bank will serve as the issue's organiser itself and will not hire a financial consultant.
BIN Bank expects that the bonds will be included in the Central Bank of Russia's (CBR) Lombard list, which features securities that may be used as collateral for CBR loans.
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