Promsvyazbank makes regular semi-annual coupon payment under US$ 200 million 8.75% Senior LPN due 201006.04 | 2009
Promsvyazbank made the regular semi-annual coupon payment in the amount of US$ 8.75 million under the US$ 200 million 8.75% Senior Loan Participation Notes (LPN) due on 4 October 2010 issued by Promsvyaz Finance Plc., a special purpose vehicle incorporated under the laws of Ireland. ____________________________________________________________________________________________________________________ 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 (negative outlook); “BB-” from Standard & Poor's (negative outlook); “B+” from Fitch Ratings (stable outlook). As of 1 April 2008, the regional network of the Bank in Russia encompassed 48 branches, about 170 sub-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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