OREANDA-NEWS. AKB “Promsvyazbank” declared that the placement of the issue of bonds of the bank for the total sum 4,5 billion roubles will begin on May 24, 2007 on MICEX Stock Exchange.

The quantity of placed securities will make 4,5 million pieces with the par value of 1 thousand roubles each. Securities will be placed on the open subscription; the placement price will make 100 % from face value.

The term of circulation of bonds will make 1 820 days (5 years), duration of the coupon period 182 days.

The organizer and coordinator of international distributions of the issue is OJSC “Deutsche Bank; the organizer, agent on the placement and payment agent – AKB “Promsvyazbank”.

Promsvyazbank is going to allocate attracted means to financing of current activity. A mainstream is expansion of volumes of crediting of real sector of economy.