Russia's Bank-Saint Petersburg buys back $16.09 million 9.501% notes

By Susanna Moon

Chicago, March 10 - BSPB Finance said it repurchased $16.09 million of 9.501% loan participation notes due 2009 on March 9.

The outstanding balance is now $94.07 million.

BSPB said on Feb. 20 that it repurchased $11.84 million of the notes on Jan. 31.

The company also said it will buy back all $75 million outstanding of its 9¾% loan participation notes due 2010 on June 2.

BSPB Finance's parent, Bank-Saint Petersburg, is a St. Petersburg, Russia-based commercial and investment bank.

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