'Positive feedback' for Promsvyazbank bond, guidance released
Russia's Promsvyazbank (PSB) has released price guidance for its new issue at 8.625% area for a five year dollar note, putting behind it the market volatility last week that had persuaded it to wait until this week to attempt a deal, and a local press report from early April regarding the tax affairs of Dmitry Ananiev, chairman of the board at the bank and owner of a 50% stake.
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