URSA Bank retires sixth bond issue

28 April 2008 (09:15)

URSA Bank fully retired its sixth 1.5-million-bond issue (with each bond’s face value coming to 1,000 RUR) on April 24, 2008. The bank went through with the bond issue (file number 40600323) on April 27, 2006 with the backing from the Bank of Moscow. The bonds were to be in circulation for two years.

Besides, the bank made all the bond coupon payments; the coupon interest rate was determined at 7.65% of the bonds’ face value and amounted to 19.07 RUR per bond. The bank made 28.605 million RUR worth of coupon payments altogether.

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