MOSCOW, June 26 Russian Standard bank, Russia's
leading consumer lender, bought back $120 million of its $840.8
million in outstanding Eurobonds, the bank reported on Friday.
Earlier this month the bank offered to buy back at a
discount up to $175 million of its $500 million Loan
Participation Notes (LPN) and $400 million LPNs - both due 2010.
The bank bought $30 million of the first Eurobond leaving
its outstanding size at $423.6 million. It also bought back
$90.6 million of the second, leaving its outstanding size at
Russian Standard bank has offered to buy back the notes at
no less than 92 percent and 87.5 percent respectively of their
nominal price value of $1,000.
(Reporting by Dmitry Sergeyev; Editing by Jon Loades-Carter)