Russia PromSvyazBank launches $200 mln Eurobond

MOSCOW, July 2 (Reuters) - Russian mid-sized bank PromSvyazBank placed a $200 million six-year Eurobond at a yield of 11.25 percent, a trading source told Reuters on Friday.

The bank initially planned to raise $100 million, sources have said, while the final price was unchanged from the initial guidance.

The bank has hired Credit Suisse (CSGN.VX) and Royal Bank Scotland (RBS.L) to sell the subordinated Eurobond. [ID:nLDE6521M7]

The lender has just secured a syndicated loan worth $250 million to expand lending operations. [ID:nLDE6501HY]

PromSvyazBank is almost 73 percent owned by brothers Alexei and Dmitry Ananyev. The European Bank for Reconstruction and Development (EBRD) holds 11.7 percent and Germany's Commerzbank (CBKG.DE) has a share of 15.3 percent. (Reporting by Dmitry Sergeyev; editing by Maria Kiselyova)