OREANDA-NEWS. August 16, 2007.  URSA Bank bonds series No 40300323В ( URSA Bank-03) and No 40500323В (URSA Bank-05) issued on April 4, 2006 started trading in the quotation list A1. This is the highest level of listing for bonds on the stock exchange MICEX (Moscow International Currency Exchange), which imposes strictest requirements on the issuers, such as independent directorship, audit committee led by an independent director, compliance with Russian corporate governance standards, and the highest level of transparency. This is where securities with high liquidity level are traded. Notably, Russian pension funds are allowed by law to invest in corporate securities of this grade only.

This is a recognition of URSA Bank’s high-quality standing and track record as an issuer, which, according to CFO of URSA Bank Vladislav Khokhlov, will attract more investors in URSA Bank’s bonds.

The bonds were admitted to the MICEX first tier quotation list A on July 24, 2007.

The total volume of URSA Bank bonds traded in the first level quotation list A amounts to RUR 6 bn. Bonds URSA Bank-03, maturiting in June 2009, carry a coupon of 9.6% p.a. and bonds URSA Bank-05, due in October 2011, have a coupon of 10.05% p.a.