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Prospect News home > News index > List of issuers U > Headlines for URSA Bank > News item
Published on 3/30/2009 in the Prospect News Emerging Markets Daily.

Russia's URSA Bank buys back some 7%, 8.3% notes

By Susanna Moon

Chicago, March 30 - URSA Bank said it repurchased some of URSA Finance plc's €400 million of 7% loan participation notes due May 21, 2010 for €74.67 million and some of its 8.3% loan participation notes due Nov. 16, 2011 for €26,529,000.

The bank said €228,248,000 of the 7% notes and €249,465,000 of the 8.3% notes remain outstanding.

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


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