Evraz places eurobonds at top price range-source

MOSCOW, May 16 (Reuters) - Russian steel maker Evraz Group (HK1q.L: Quote, Profile, Research) has placed its additional $400 million Eurobond issue at the top of its price range at 101.15 percent of its nominal value, a banking source told Reuters on Friday.

The issue consists of two tranches with a yield of 8.579 percent for the tranche maturing in 2013 and 9.371 percent for the bond maturing in 2018.

The lead arrangers of the placement are ABN AMRO, Calyon, Deutsche Bank and UBS.

In mid-April Evraz completed a eurobond transaction totalling $1.6 billion consisting of five-year and ten-year tranches. (Reporting by Dmitry Sergeyev, writing by Tanya Mosolova)