OREANDA-NEWS. March 7, 2008. URSA Bank announced today that it has authorised a debt repurchase programme pursuant to which the Bank may from time to time repurchase (through open market purchases or private transactions) up to all of the outstanding 9.75 Per Cent. Loan Participation Notes due May 2008 issued by Dresdner Bank Aktiengesellschaft for the sole purpose of funding a loan to URSA Bank (of which approximately USD 63 million in principal is currently outstanding).