CORRECTED-Russia's Promsvyazbank sets IPO price range

(Corrects to say price range of $13.33-$16 per 10,000 ordinaryshares)

MOSCOW, Oct 3 (Reuters) - Promsvyazbank (PSB), one ofRussia's largest privately owned lenders, set an indicativeprice range on Wednesday for its initial public offering ofstock at $10-$12 per Global Depository Receipt.

The bank also said in a statement that it expects a pricerange of $13.33-$16 per 10,000 ordinary shares and sees thetotal deal size at between $345 million and $414 million.

In September, PSB asked Russia's regulator to approve thelisting of no more than 25 percent of its shares in London inthe form of GDRs. Sources said at the time the bank aimed toraise up to $500 million.

(Reporting by Olga Popova; Writing by Maria Kiselyova and LidiaKelly; Editing by Douglas Busvine)

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Keywords: PROMSVYAZBANK IPO/RANGE