BNP Paribas Russia News & Press
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March 30, 2011 -

BNP PARIBAS ZAO priced its inaugural RUB 2 bln series 01 bonds issue on March 29, 2011. According to MICEX trade system, 87 transactions were registered with the Bank s bonds

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The book was closed on March 25, 2011. Maturity is 3 years (1096 days) after the placement date on MICEX Stock Exchange. The issue terms do not provide for any put dates.

The coupon rate was defined by the issuer based on the book-building results and was set to 7.70%, which is 7.85% yield to maturity. First coupon rate was 40 bps below the initial guidance range of 8.10-8.45% whispered upon book opening. The rates of other coupons are equal to first coupon rate. Coupon period is 6 months. The total demand was RUB 25 bln.

Jean-Francois Kochanski, Deputy Chairman of the Board of “BNP PARIBAS” ZAO, commented the deal results as follows: «Pricing results exceeded our expectations. The incredible demand for “BNP PARIBAS” ZAO’ bonds shows significant investors’ appetite for high quality issuers in the Russian debt capital market. We would like to thank all participants for the interest they showed. BNP Paribas Group continuously extends its positions on the Russian market, and this placement will allow us to diversify the resource base in the context of a new source of funding. We are also very thankful to Sberbank of Russia for the top quality arrangement of the deal».

About BNP Paribas
BNP Paribas (www.bnpparibas.com) is one of the six strongest banks in the world*. The Group has a presence in more than 80 countries and more than 200,000 employees, including more than 160,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across the Europe-Mediterranean zone and boasts a large network in the western part of the United States. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia.
*Rated AA by Standard & Poor’s i.e. 3rd rating level on a scale of 22

About BNP Paribas in Russia
BNP Paribas was the one of the first foreign bank groups who came in Russia in 1974 and started its activity trough a Representative Office. BNP Paribas received its full general banking license issued by the Russian Central Bank in July 2002 after the opening of a subsidiary, subsidiary “BNP Paribas” Closed Joint Stock Company (CJSC).
Today BNP Paribas Group is represented in Russia via three core businesses Retail Banking, Investment Solutions and Corporate & Investment Banking.
– Corporate and Investment banking

  • BNP Paribas (“BNP PARIBAS” ZAO)

– Retail Banking

  • BNP Paribas, Branch Banking (CB “BNP Paribas Vostok” LLC)
  • CETELEM, Consumer Finance in PoS (“BNP PARIBAS” ZAO)
  • ARVAL, Operational leasing (“ARVAL” LLC)

– Investment Solutions

  • CARDIF, the insurance unit of BNP Paribas Assurance («Insurance Company CARDIF» LLC)
  • TKB BNP Paribas Investment Partners, the asset management company (“TKB BNP Paribas Investment Partners” JSC)

About “BNP PARIBAS” ZAO
“BNP PARIBAS” ZAO (“BNP PARIBAS Bank” Joint-Stock Company. License No 3407 issued by the Russian Central Bank on 10 July 2002 and 21 April 2005).
Core businesses:

  • Corporate&Investment Banking (BNP Paribas CIB)
  • Cetelem, Consumer Finance

Corporate&Investment Banking
Corporate and Investment offers a wide range of corporate and investment products to Russian companies and financial institutions. BNP Paribas provides corporate and investment banking services in Russia through the following business lines: E&C Finance, Coverage, Financial Institutions, Trade and Structured Finance, Treasury and Fixed Income, and Corporate Finance.
Cetelem, Consumer Finance
Cetelem started its activities in Russia in 2007 as a structural division of “BNP PARIBAS” ZAO, and today it is an active player on the Russian consumer lending market.
Russian division of Cetelem provides a full range of consumer and auto loans to its clients at sales centers through the network of federal and regional partners (retail chains and auto dealers), and it also issues credit cards in cooperation with MasterCard. Cetelem has its representative offices in 61 regions of Russia and continuously expands its geographic footprint.
The operations of Cetelem are based on advanced global consumer lending technologies that allow to offer a wide a range of innovative loan products that may be adjusted to the needs of its clients and partners. For more information please visit www.cetelem.ru.

Press Contacts BNP Paribas
Anna Georgieva
Tel: +7 (495) 660 91 81, ext. 1108
E-mail: anna.georgieva@bnpparibas.com