Moscow, November 28, 2016 – Promsvyazbank (hereafter “PSB” or “the Bank”) and PromSvyazCapital today announce that on November 25, 2016 PromSvyazCapital has successfully completed the placement of its BO-P01 series bonds issue (the “Bonds”) on the Moscow Exchange for a total amount of RUB 10 bn under a registration number of 4В02-01-44790-Н-001Р from November 22, 2016.
The maturity period of the offering is 10 years (3 640 days) with a 2-year put option. The coupon rate amounted to 12.00% per annum, based on the current Central Bank rate and a premium of 200 bps.
The bond offering was rated “А++” by RAEX.
The offering was organized by PSB and VTB Capital. Promsvyazbank acted as the placement agent.
According to the preliminary reporting (published form) under the Russian Accounting Standards (RAS), PSB net profit for 9M 2016 amounted to RUB 2.0 bn. Income from core banking operations (interest income and fee and commission income) increased by 21% to RUB 36.9 bn.
Promsvyazbank has appointed a new Board of Directors at the Extraordinary General Meeting of shareholders. Lindsay Forbes, representing the interests of the European Bank for Reconstruction and Development, was appointed to the Board.