OREANDA-NEWS. July 26, 2007. The Board of Directors of URSA Bank approved the placement of Series 7 bonds for RUB5bn to be issued on July 26, 2007. The bonds will have tenor of five years with a redemption offer after 2.5 years. Deutsche Bank and Renaissance Capital will be lead arrangers of the issuance.

According to Mr. Khokhlov, URSA Bank's First Deputy General Director, the borrowed funds will be used for SME lending.