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Russia’s $1.45 Billion Bond Buyback Has Investors Eyeing Monday

RUSSIA
  • Russia bought back the bulk of a soon-to-mature $2 billion bond using rubles, leaving the nation with far fewer dollars to repay its holders on April 4.
  • The Finance Ministry said it had repurchased the equivalent of $1.45 billion of the bond maturing on Monday, or 72% of the debt outstanding, according to a statement on Thursday.
  • That leaves just $552.4 million of the security remaining in circulation, according to the ministry, which said it sent corresponding notifications to the paying agent, Citibank N.A.’s London branch.
  • https://blinks.bloomberg.com/news/stories/R9MG6XDW...
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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