PSB makes the semi-annual coupon payment under US$ 150 million 10.75% LPN

On 15 January 2009, PSB made the semi-annual coupon payment in the amount of US$ 8.0625 million under US$ 150 million 10.75% Loan Participation Notes (LPN) due 15 July 2013. The LPN were issued on 15 July 2008 by PSB Finance S.A., a special purpose vehicle incorporated under the laws of Luxembourg, within the MTN Programme. The proceeds from the issuance were used to finance a loan provided to PSB. 

  About Promsvyazbank

OJSC Promsvyazbank, founded in 1995, is one of the leading privately-owned Russian banks, with total assets of RUB407.6 billion, and total capital of RUB46.7 billion under IFRS as of 30 September 2008. Holding company Promsvyaz Capital B. V. owns 84.68% of the Bank, the remaining 15.32% are owned by Commerzbank Auslandsbanken Holding AG, a subsidiary of the second-largest German bank Commerzbank AG. PSB has the following international credit ratings: “Ba2” from Moody’s Investors Service (stable outlook); “BB-” from Standard & Poor's (negative outlook); “B+” from Fitch Ratings (stable outlook).  As of 1 December 2008, the regional network of the Bank in Russia encompassed about 170 sub-branches, 46 branches and 1 representative office; a foreign branch in Cyprus; and foreign representative offices in Kyrgyz Republic, Ukraine, China, and India. www.psbank.ru