Russia's Promsvyazbank on roadshow for eurobonds

By Christine Van Dusen

Atlanta, Oct. 23 - Russia's Promsvyazbank is on a roadshow for an issue of eurobonds, a market source said.

Bank of America Merrill Lynch, HSBC, JPMorgan and Promsvyazbank are the bookrunners for the deal.

The issue will boost tier 2 capital following the company's postponement of an initial public offering due to weak demand, according to a report from UFS Investment Co.

The roadshow began Tuesday and will conclude on Friday.

Promsvyazbank is a Moscow-based lender.

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