OREANDA-NEWS. June 4, 2012. Promsvyazbank has made a regular coupon payment in the amount of USD  12 750 000 under the USD  200 million 12,75 % Subordinated Loan Participation Notes (LPN) due May 2015. The Notes were issued by PSB Finance S.A., a special purpose vehicle incorporated under the laws of Luxemburg, on 27 November 2009.

OJSC Promsvyazbank, founded in 1995, is one of the leading privately-owned Russian banks, with total assets of RUB 556 bn and total capital of RUB 71.3 bn under IFRS as of 1 April 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 April 2012, PSB had a network of about 286 points of sale in Russia, as well as an overseas branch in Cyprus, and representative offices in China, India, Ukraine and Kazakhstan.