OREANDA-NEWS. May 27, 2011. 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 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 April 2011, PSB had a network of about 246 points of sale in Russia, a foreign branch in Cyprus, and representative offices in China, India and Ukraine.http://eng.psbank.ru/