OREANDA-NEWS. February 11, 2009. URSA Bank recently launched buy back program for EUR400m Long Term Participation Notes (LPN) due May 2010 (ISIN XS0301291729). As of February 11, 2009, the Bank has repurchased notes of about EUR59m at par under this buy back program. URSA Bank position s itself as one of the investor focused financial institutions in Russia  and has offered buy-back programs on a wide range of its public debt instruments since September 2008.