OREANDA-NEWS. April 28, 2012. Promsvyazbank has made the second coupon payment in the amount of USD 15 500 000 under the USD  500 million 6.2% Loan Participation Notes (LPN) due 2014, reported the press-centre of Promsvyazbank.

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

About Promsvyazbank
OJSC Promsvyazbank, founded in 1995, is one of the leading privately-owned Russian banks, with total assets of RUB 563 bn and total capital of RUB 71.5 bn under IFRS as of 1 January 2012. Holding company Promsvyaz Capital B. V. owns 73.9% of the Bank; Commerzbank Auslandsbanken Holding AG, a subsidiary of the second-largest German bank Commerzbank AG, has a 14.4% stake; and the European Bank for Reconstruction and Development owns the remaining 11.7%. PSB has the following international credit ratings: “Ba2” from Moody’s Investors Service; “BB-” from Fitch Ratings. As at 1 January 2012, PSB had a network of about 287 points of sale in Russia, as well as an overseas branch in Cyprus, and representative offices in China, India, Ukraine and Kazakhstan. http://eng.psbank.ru/