Promsvyazbank makes regular semi-annual coupon payment under US$ 200 million 8.75% Senior LPN due 2010

Promsvyazbank has made a regular semi-annual coupon payment in the amount of US$ 8.75 million  under the US$ 200 million 8.75% Senior Loan Participation Notes (Senior LPN) due 2010 issued by Promsvyaz Finance Plc., a special purpose vehicle incorporated under the laws of Ireland. These notes were issued on 4 October 2005.

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About Promsvyazbank

OJSC Promsvyazbank, founded in 1995, is one of the leading privately-owned Russian banks, with total assets of RUB 414.5 billion, and total capital of RUB49.3 billion under IFRS as of 1 July 2009. Holding company Promsvyaz Capital B. V. owns 84.68% of the Bank, and Commerzbank Auslandsbanken Holding AG, a subsidiary of the second-largest German bank Commerzbank AG owns the remaining 15.32%. PSB has the following international credit ratings: “Ba2” from Moody’s Investors Service; “B” from Standard & Poor's; “B+” from Fitch Ratings.  As at 1 September 2009, the regional network of the Bank in Russia encompassed 48 branches, 188 sub-branches and other types of outlets and 1 representative office; a foreign branch and a retail office in Cyprus; and foreign representative offices in Ukraine, China, and India.

Banking Group Promsvyazbank includes OJSC Promsvyazbank (head organization), OJSC Volgoprombank, OJSC Yarsotsbank and OJSC Nizhny Novgorod Bank. http://eng.psbank.ru/  ____________________________________________________________________________________________________