URSA Bank retires second issue bonds

URSA Bank retired its 1.5-billion-ruble second bond issue on December 12, 2008. The bank also paid 28.425 million RUR worth of profits, since the annual interest rate was declared at 7.6%, or 18.95 RUR per bond.

The bank went through with the bond issue on December 16, 2005; the bonds were to be in circulation for three years. The transaction was coordinated by Dresdner Bank.

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