OREANDA-NEWS. November 29, 2010. Promsvyazbank has made a regular coupon payment in the amount of USD 9 625 000 under the USD 200 million 9.625% Subordinated Loan Participation Notes (LPN) due 2012, reported the press-centre of Promsvyazbank.

The Notes were issued by PSB Finance SA, a special purpose vehicle incorporated under the laws of Luxemburg, on 20 October 2006.

About Promsvyazbank
OJSC Promsvyazbank, founded in 1995, is one of the leading privately-owned Russian banks, with total assets of RUB436.2 billion, and total capital of RUB53.7 billion under IFRS as of 1 July 2010. Holding company Promsvyaz Capital B. V. owns 72.93% of the Bank, Commerzbank Auslandsbanken Holding AG, a subsidiary of the second-largest German bank Commerzbank AG, has a 15.32% stake, and the European Bank for Reconstruction and Development owns the remaining 11.75%.

PSB has the following international credit ratings: “Ba2” from Moody’s Investors Service; “B+” from Fitch Ratings. As at 1 November 2010, PSB had a network of 245 points of sale in Russia (after the accession of all subsidiary banks), including 47 branches, a foreign branch in Cyprus, and representative offices in China, India and Ukraine.http://eng.psbank.ru/