OREANDA-NEWS. On February 26, 2008, URSA Bank paid out RUR228.13 million as the first coupon on its Rouble-denominated Loan-Participation Notes.

The  Rouble-denominated LPNs for RUR5 billion were issued on February 26, 2007, with maturity of three years and a coupon of 9.125% p.a. The issuer of the LPNs was URSA Finance PLC (Ireland), with Citigroup and Standard Bank as the arrangers.