Russia's Sberbank purchases $123.46 million loan participation notes

By Angela McDaniels

Tacoma, Wash., Aug. 7 - Sberbank said it purchased $52,835,000 of SB Capital SA's 6.48% loan participation notes due May 15, 2013 and $70,628,000 of its 6.468% loan participation notes due July 2, 2013.

The purchases were made at market terms, according to a news release from the bank.

The purchased notes may be held by the bank for the purposes of resale or delivered to SB Capital for cancellation at some future date.

The Moscow-based commercial bank said it may make additional purchases from time to time.

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