Russia's Promsvyazbank postpones plans for dollar notes

By Christine Van Dusen

Atlanta, March 3 - Russia's Promsvyazbank has postponed a planned issue of dollar-denominated notes due to market conditions, a market source said.

The Moscow-based lender was expected to set out on Monday for a roadshow to market the deal.

Goldman Sachs, ING, Promsvyazbank and UBS were the bookrunners for the Rule 144A and Regulation S transaction.

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