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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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