MOSCOW, September 23 (RIA Novosti) - Leading privately owned Russian bank Promsvyazbank has made a $200 million placement of 8.5% interest 5-year Eurobonds with international investors in Europe and Asia, the bank's press office reported Friday.
Promsvyazbank is Russia's first private bank to have placed uncollateralized dollar-denominated bonds for such a long period, its press office said, adding that the bonds will be listed on the London Stock Exchange and that the placement, made through Citigroup, is three times as large as the initially planned offering.
Promsvyazbank, founded in 1995, ranks among Russia's top thirty banks. As of September 1, its assets were estimated at $3.29 billion and its capital value stood at $306.77 million.
