Fitch rates Promsvyazbank notes B-

Fitch Ratings said it assigned a final long-term rating of B- with a recovery rating of RR6 to the $200 million 12¾% five-and-a-half-year subordinated loan participation notes issued by PSB Finance SA to finance a subordinated loan to Promsvyazbank (B+/negative).

The notes are issued under the company's $3 billion loan participation notes program, which allows for borrowings in the form of both senior unsecured and subordinated notes.

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