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Prospect News home > News index > List of issuers Tenders > Headlines for 2009 > News item
Published on 3/16/2009 in the Prospect News Emerging Markets Daily.

Russia's URSA Bank redeems €14.08 million of two series of notes

By Susanna Moon

Chicago, March 16 - URSA Bank said it redeemed €5.45 million of the series 6 €308,368,000 7% loan participation notes due 2010 and €8,631,000 of the series 4 €284,625,000 8.3% loan participation notes due 2011, both issued by URSA Finance plc.

The bank said €302,918,000 of the 7% notes and €275,994,000 of the 8.3% notes remain listed on the Irish Stock Exchange.

URSA Bank is a Moscow-based bank formerly known as Sibacadembank. URSA Finance was formerly known as Sibacademfinance plc.


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