Promsvyazbank makes regular semi-annual coupon payment under US$ 100 million 12.5% LPN03.02 | 2009
On 2 February 2009, Promsvyazbank (PSB) made the regular semi-annual coupon payment in the amount of US$ 6,25 million under the 10NC5 US$ 100 million 12.5% Loan Participation Notes (LPN) due 31 January 2018 issued by PSB Finance S.A., a special purpose vehicle incorporated under the laws of Luxembourg.
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 As of 1 January 2008, the regional network of the Bank in Russia encompassed about 170 sub-branches, 47 branches and 1 representative office; a foreign branch in Cyprus; and foreign representative offices in Kyrgyz Republic, Ukraine, China, and India.
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