URSA Bank pays $15.6m on Eurobonds

13 November 2008 (08:27)

URSA Bank made $15.6m million worth of coupon payments on its Eurobonds issue; the annual coupon interest rate came to 9%.

The bank went through with the $351m bonds issue in May 2006; the bonds are to be in circulation for three years; the issue was carried out by Sibacademfinance Plc (now known as URSA Finance PLС) and coordinated by ABN Amro and Citigroup.

The buy-back was launched in September 2008, and over $100m worth of bonds had already been bought back by November.

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