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Published on 7/2/2010 in the Prospect News Emerging Markets Daily.

New Issue: Russia's Promsvyazbank sells $200 million notes due 2016 to yield 11¼%

By Christine Van Dusen

Atlanta, July 2 - Russia's Promsvyazbank priced $200 million notes due 2016 to yield 11¼%, a market source said.

Citigroup, PSB and RBS were the bookrunners for the Regulation S deal, which priced in line with talk of 11¼%.

The deal was initially expected to total $100 million.

Promsvyazbank is a Moscow-based financial services company.

Issuer:Promsvyazbank
Issue:Notes
Amount:$200 million
Maturity:2016
Bookrunners:Citigroup, PSB, RBS
Yield:11¼%
Trade date:July 2
Distribution:Regulation S
Price talk:11¼%

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