Promsvyazbank has announced redemption of its 6-series senior unsecured Eurobond (ISIN XS0775984213, were issued by PSB Finance S.A.) worth $293.84 mln as principal and coupon payouts of over $12.48 mln. The bank's debt obligation was fulfilled on time and in full, the bank emphasized in a press release.

The initial Eurobond issue totaled $400 mln. In 2015, Promsvyazbank redeemed the bonds worth $106.15 mln ahead of scheduled.

The Eurobond was issued five years ago at a coupon rate of 8.5%. The issue was arranged by Promsvyazbank, Barclays, Citigroup and Credit Suisse.