Promsvyazbank talks loan participation notes due 2016 at 11¼% area

By Christine Van Dusen

Atlanta, June 30 - Russia's Promsvyazbank set price guidance for its planned dollar-denominated issue of Tier 2 loan participation notes (Ba3//B-) at the 11¼% area, according to a market source.

Citigroup, PSB and RBS are the bookrunners for the Regulation S deal, which is expected to price this week.

Some sources have speculated the deal will be sized at about $100 million.

Promsvyazbank is a financial services company based in Moscow.

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