MOSCOW, February 1 (RIA Novosti) - Promsvyazbank, one of Russia's top 30 banks, announced on Friday the public placement of its subordinated Eurobonds totaling $100 million.

The bank said in a news release that the bonds, with a 12.5% coupon rate, will mature in 2018. The bonds have an early redemption option after five years.

The proceeds from the placement will be used to redeem a bond issue placed privately in July 2007.

The lead managers of the issue are ABN AMRO and HSBC.

International rating agencies Fitch Ratings, Moody's and Standard & Poors assigned B-, B1 and B- ratings to the bonds respectively. Senior international obligations of Promsvyazbank are rated B+ (positive), Ba3 (positive), B+ (positive) respectively.

The bank was established in 1995. Its assets stood at 291.7 billion rubles ($12 billion) as of January 1, 2008, and its owner equity amounted to 31.1 billion rubles ($1.3 billion).

The bank's major shareholders are Promsvyaz Capital BV registered in the Netherlands (84.68%) and Germany's Commerzbank Auslandsbanken Holding AG (15.32%).