Russia's Promsvyazbank to start roadshow Monday for $150 million loan participation notes

By Paul A. Harris

St. Louis, Sept. 16 - Russia's Promsvyazbank will begin a roadshow Monday in Singapore for its $150 million offering of loan participation notes, according to a market source.

Roadshow stops also include Hong Kong on Tuesday and Zurich on Wednesday.

Citigroup has the books for the Regulation S offering.

The notes are expected to be structured with either a three-year or five-year maturity.

Moody's Investors Service assigns its B1 rating to the notes. Standard & Poor's rates the notes B. Fitch also rates them B.

Promsvyazbank is a full-service financial institution based in Moscow.

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