Promsvyazbank makes regular semi-annual coupon payment under US$ 225 million 8.75% Senior LPN due 201121.04 | 2009
On 20 April 2009, Promsvyazbank (PSB) made the regular semi-annual coupon payment in the amount of US$ 9.84 million under the US$ 225 million 8.75% Senior Loan Participation Notes (LPN) due 2011 issued by PSB Finance S.A., a special purpose vehicle incorporated under the laws of Luxembourg. US$125 million LPNs were issued by PSB Finance S.A. on 18 October 2006, followed by the Tap issuance of another US$100 million notes on 20 March 2007. The two issues were consolidated and formed a single series due on 18 October 2011. ______________________________________________________________________________________________________________ About Promsvyazbank OJSC Promsvyazbank, founded in 1995, is one of the leading privately-owned Russian banks, with total assets of RUB461.8 billion, and total capital of RUB49.9 billion under IFRS as of 31 December 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; “BB-” from Standard & Poor's; “B+” from Fitch Ratings. As at 1 April 2009, the regional network of the Bank in Russia encompassed 48 branches, 196 sub-branches and other types of outlets and 1 representative office; as well as a foreign branch in Cyprus; and foreign representative offices in Kyrgyz Republic, Ukraine, China, and India. ______________________________________________________________________________________________________________
 |
© 2009 