URSA Bank retires Eurobonds
21 May 2008 (09:11)
URSA Bank has recently made all of its first Eurobond issue payments as well as the coupon ones, with the total sum coming to $66.017m. The coupon payments were determined by the 9.75% annual interest rate.
URSA Bank announced it was going through with the redemption of these bonds in March 2008 and bought $160,000 worth of bonds at their face value.
This first Eurobond issue, with the original value of $100m, was carried out at Luxembourg Stock Exchange in May 2005 and was to be in circulation for three years. The sum was raised to $175m in December 2005. The issue was coordinated by Dresdner Kleinwort.
URSA Bank announced it was going through with the redemption of these bonds in March 2008 and bought $160,000 worth of bonds at their face value.
This first Eurobond issue, with the original value of $100m, was carried out at Luxembourg Stock Exchange in May 2005 and was to be in circulation for three years. The sum was raised to $175m in December 2005. The issue was coordinated by Dresdner Kleinwort.
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