On June 30, 2009, URSA Bank made $7.8m worth of coupon payments on its LPN bond issue. The coupon yield was determined at 12% a year, the bank’s press officer reports.

This $130m LPN Eurobond issue was launched on June 27, 2006; the bonds are to be in circulation for five years. The issue was coordinated by Sibacademfinance PLC, Ireland, with placement organization by Barclays Capital.