New Issue: Russia's Ursa Bank sells RUB 5 billion three-year notes at 9 1/8%

By Reshmi Basu

New York, Feb. 15 - Sibacademfinance plc sold RUB 5 billion in three-year fixed-rate loan participation notes at par to yield 9 1/8%, according to a market source.

Citigroup and Standard Bank plc acted as joint bookrunners for the Regulation S transaction.

Ursa Bank, formerly known as Sibacadembank, will borrow the proceeds from the sale. Ursa is a leading regional bank in Russia.

Issuer:	Sibacademfinance plc
Borrower:	Ursa Bank (formerly JSC Sibacadembank)
Amount:	RUB 5 billion
Issue:	Fixed-rate loan participation notes
Maturity:	Feb. 26, 2010
Coupon:	9 1/8%
Issue price:	Par
Yield:	9 1/8%
Joint bookrunners:	Citigroup, Standard Bank plc
Distribution:	Regulation S
Ratings:	Moody's: B1
	Fitch: B

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