OREANDA-NEWS. April 25, 2011. Promsvyazbank (PSB) made a regular semi-annual coupon payment in the amount of USD 9.843.750 under the USD 225 million 8.75% Senior Loan Participation Notes (LPN) due 2011 issued by PSB Finance S.A., a special purpose vehicle incorporated under the laws of Luxembourg, reported the press-centre of Promsvyazbank.

USD 125 million LPNs were issued by PSB Finance S.A. on 18 October 2006, followed by the Tap issuance of another USD 100 million notes on 20 March 2007. The two issues were consolidated and formed a single series due on 18 October 2011.

About Promsvyazbank
OJSC Promsvyazbank, founded in 1995, is one of the leading privately-owned Russian banks, with total assets of RUB 475 bn, and total capital of RUB 60.6 bn under IFRS as of 1 January 2011. 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; “BB-” from Fitch Ratings. As at 1 March 2011, PSB had a network of about 248 points of sale in Russia, a foreign branch in Cyprus, and representative offices in China, India and Ukraine.http://eng.psbank.ru/