Russia's PSB plans tier two sub bond

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By Steven Gilmore
27 Feb 2014

The run of Russian bank bonds continues despite escalating tensions in the Ukraine, with Promsvyazbank picking leads for its first tier two transaction under Russia's new Basel III rules.

Goldman Sachs, ING and UBS will take the bank to meet investors in the UK, US and Switzerland from March 3. The roadshow will likely last three days but this has yet to be decided, said a banker on the deal.

The bank’s last international deal was in February ...

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