OREANDA-NEWS. July 13, 2011. Promsvyazbank has made the second coupon payment in the amount of USD 11 250 000 under the USD 200 million 11.25 % Subordinated Loan Participation Notes (LPN) due 2016, 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 08 July 2010.
 
About Promsvyazbank
OJSC Promsvyazbank, founded in 1995, is one of the leading privately-owned Russian banks, with total assets of RUB 471 bn, and total capital of RUB 59.5 bn under MA based on IFRS as at 1 April 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 May 2010, PSB had a network of 246 points of sale in Russia, including 43 branches, a foreign branch in Cyprus, and representative offices in China, India and Ukraine. http://eng.psbank.ru/