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URSA Bank plans LPN issuance

April 23, 2009
URSA Bank plans a ?400m 7% LPN issue due 2010 and a ?300m 8.3% LPN issue due 2011, according to RIA Novosti citing a banking source. The minimum issue amount is set at ?100m on both issues. Investors are to submit orders for taking part in the auction till April 23. The auction is scheduled for April 24. RBS is the arranger on the issues. The minimum price is set at 92% for 2010 Eurobonds and 82% for 2011 Eurobonds.
Company — URSA Bank
  • Full name
    URSA Bank
  • Registration country
    Russia
  • Industry
    Banks