OREANDA-NEWS. January 13, 2012. Promsvyazbank has made the third 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 PSB.

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 524 bn and total capital of RUB 64.4 bn under IFRS as of 1 October 2011.

Holding company Promsvyaz Capital B. V. owns 73.88% of the Bank; Commerzbank Auslandsbanken Holding AG, a subsidiary of the second-largest German bank Commerzbank AG, has a 14.37% 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 December 2011, PSB had a network of over 260 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/