PSB privately places $120m in first perp
Promsvyazbank has privately placed $120m of perpetual subordinated debt. The capital was raised in US dollars, euros and sterling and is PSB's first perpetual note. It is also the first ever for a privately owned Russian bank.
The anchor investors in the issue were clients of PSBs private wealth management arm.
It was done as a private placement so it was just organised by ourselves with a group of our investors, said Anna Belyaeva, director of the financial institutions and international capital markets department at
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