Promsvyazbank Makes Regular Coupon Payment
OREANDA-NEWS. November 30, 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, reported the press-centre of Promsvyazbank.
The Notes were issued by PSB Finance S.A., a special purpose vehicle incorporated under the laws of Luxemburg, on 27 November 2009.
About Promsvyazbank
OJSC Promsvyazbank, founded in 1995, is one of the leading privately-owned Russian banks, with total assets of RUB 611 bn and total capital of RUB 73.8 bn under IFRS as of 1 July 2012. Holding company Promsvyaz Capital B. V. owns 88.25% of the Bank 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 October 2012, PSB had a network of about 295 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/
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