PSB bond beats sanctions fallout by a day

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PSB bond beats sanctions fallout by a day

Promsvyazbank priced a $300m seven year tier two note on Tuesday afternoon, narrowly avoiding the fallout from a new set of US sanctions on Russia. The issuer is still conducting an exchange on its older dollar debt, but the turmoil across the Russian secondary market is unlikely to affect the exercise, said bankers on the deal.

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